OneSpan Inc. (NASDAQ:OSPN) is expected to report third quarter earnings results, after market close, on Monday 2nd November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.05 per share.
Looking ahead, the full year income are expected at $ 0.25 per share on the revenues of $ 233.68 million.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 255.00 million ~ $ 265.00 million
Click Here For More Historical Outlooks Of OneSpan Inc.
Previous Quarter Performance
OneSpan Inc. announced income for the second quarter of $ 0.02 per share, from the revenue of $ 54.95 million. The quarterly earnings 100.00 percent compared with the same quarter last year. According to street consensus, OSPN was expected to report 2Q20 income of $ 0.04 per share from revenue of $ 57.12 million. The bottom line results missed street analysts by $ 0.02 or 50 percent, at the same time, top line results fell short of analysts by $ 2.17 million or 3.8 percent.
Stock Performance
On Friday, shares of OneSpan Inc. has traded high as $ 22.95 and has cracked $ 21.64 on the downward trend, reaching $ 21.93 with volume of 256.30 thousand shares.
According to the previous trading day, closing price of $ 21.93, representing a 112.78 % increase from the 52 week low of $ 10.88 and a 30.54 % decrease over the 52 week high of $ 33.33.
The company has a market capital of $ 884.77 million and is part of the Technology sector and Software – Application industry.
Conference Call
OneSpan Inc. will be hosting a conference call at 4:30 PM eastern time on 2nd November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.onespan.com
OneSpan Inc., together with its subsidiaries, designs, develops, and markets digital solutions for identity, security, and business productivity worldwide. The company offers DIGIPASS hardware authenticators that supports authentication and digital signatures for applications running on desktop PCs, laptops, tablets, and smart phones; Mobile Security Suite, a software development kit; Mobile Authenticator Studio, a mobile authenticator that operates as a discrete mobile application; and authentication server that enables customers to administer a high level of access control. It also provides OneSpan Sign, which supports a range of eSignature requirements from simple to complex; Trusted Identity Platform, an open architected, cloud-based platform; Intelligent Adaptive Authentication, a cloud-based solution that enables banks and other financial institutions to secure users, devices, and transactions; and Risk Analytics, a comprehensive anti-fraud solution; and Verification Hub, a cloud-based digital identity verification solution that provides access to multiple third-party verification services.
