Revenue Update on VASCO Data Security International(NASDAQ:VDSI)

VASCO Data Security International(NASDAQ:VDSI) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 28, 2016. Company reported revenue of $54.29M. Analysts estimated a revenue of $52.30M. Earnings per share were $0.15. Analysts had estimated an EPS of $0.08.

In a different note, On Jun 23, 2016, Sidoti & Co. said it Reinstates its rating on VASCO Data Security International. The shares have been rated ‘Buy’ by the firm.

VASCO Data Security International (VDSI) shares turned negative on Thursdays trading session with the shares closing down -0.48 points or -2.78% at a volume of 2,16,287. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $17.37. The peak price level was also seen at $17.37 while the days lowest was $16.72. Finally the shares closed at $16.77. The 52-week high of the shares is $21.35 while the 52-week low is $12.35. According to the latest information available, the market cap of the company is $674 M.

Several Insider Transactions has been reported to the SEC. On May 5, 2016, T Kendall Hunt (director officer 10% owner (Chief Executive Offic) sold 50,000 shares at $17.79 per share price.Also, On Jun 11, 2015, John Nelson Jr Fox (director) sold 6,893 shares at $30.00 per share price.On May 8, 2015, Clifford K Bown (Executive VP and CFO) sold 231,350 shares at $24.42 per share price, according to the Form-4 filing with the securities and exchange commission.

VASCO Data Security International Inc. (VASCO) is an IT security company. The Company through its operating subsidiaries designs develops and markets security solutions that secure and manage access to digital assets and protect transactions. Its products enable secure financial transactions over private enterprise networks and public networks such as the Internet. The Company’s user authentication is delivered through its hardware and software DIGIPASS security products (DIGIPASSES) many of which incorporate an electronic and digital signature capability which further protects the integrity of electronic transactions and data transmissions. VASCO’s primary product and service lines include three categories of solutions: Host System products which is typically a component of an organization’s IT infrastructure; Client Authenticators which are devices used by end users for authentication and Developer Tools which are used by application developers.

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