Report

Update: Delivering on strategy

Q3 was VASCO’s best revenue quarter yet. Management is delivering on strategy to increase the share of revenues from repeatable revenue streams, which should make growth less volatile and, along with the positive forward indicators, gives us confidence that 2015 will again be a growth year despite the increasingly difficult basis of comparison. On a 28x 2015 P/E, evidence of ongoing strong momentum into 2015 is key to driving further share price performance.
Underlying
Vasco Data Security International Inc.

VASCO Data Security International designs, develops and markets digital solutions for identity, security and business productivity that protect and facilitate transactions online, via mobile devices, and in-person. The company's solutions secure access to data, assets, and applications for enterprises and provide tools for application developers to integrate security functions into web-based and mobile application. The company's solutions include open standards-based and proprietary solutions, some of which are products and services used for authentication, e-signing transactions and documents, and identity management in Business-to-Business, Business-to-Employee and Business-to-Consumer environments.

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

.

Other Reports on these Companies
Other Reports from Edison Investment Research

ResearchPool Subscriptions

Get the most out of your insights

Get in touch