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VASCO Data Security International Inc. Message Board

  • mgm2020 mgm2020 Feb 21, 2013 11:05 AM Flag

    Disappointed--but holding my shares.....

    While I am disappointed that the report was not better, the company did hit their revised guidance on the nose--and no one should have been surprised. The revenue forecast of $162-$167 million is encouraging, and with their new, more cautious method of predicting revenue--hopefully a little light. And--it doesn't take into account ANY revenue from either Digipass as a service or MyDigipass, which they stated in the past would begin to add revenue in 2013. They also added to their very strong cash position, which at $106 milliion gives them considerable resources for both R&D and increasing their salesforce. I think the stock is fairly valued at around $8.00 which is why I am holding here. If it drops into the low $7's or below I will be adding. With the addition of 1or 2 new large accounts the numbers for the year could change considerably. Hopefully some additional light will be shed in the CC--and I will read the transcript when it is available.

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