Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Even though momentum is a popular stock cha ...

The latest trading session saw OneSpan (OSPN) ending at $16.23, denoting a +0.5% adjustment from its last day's close. The stock outperformed the S&P 500, which registered a daily loss of 0.19%. On the other hand, the Dow registered a loss of 0.7%, and the technology-centric Nasdaq increased by 0.04%. Heading into today, shares of the internet security company had gained 3.53% over the past month, outpacing the Computer and Technology sector's gain of 0.73% and the S&P 500's gain of 1.95% in that time. Inve ...

Costs controlled: The most interesting factor behind OneSpan's recent performance has been the impressive cost cuts the company has materialized. OpEx was 35% lower in 1H24, and gross margins were 500 basis points higher. The workforce has been reduced by close to half. In this respect, 2Q24 maintained a quarterly OpEx trend of around $30/31 million, which is very salutary. Although OpEx may raise in 2H24 (potentially for bonuses and higher D&A), the company is in line to post $75 million in annualized savi ...

Additionally, investors should keep an eye on any recent revisions to analyst forecasts for OneSpan. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits. Investors will be eagerly watching for the performance of OneSpan in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.19, signifying a 205.56% increase compa ...

OneSpan (OSPN) closed the most recent trading day at $12.63, moving +0.8% from the previous trading session. The stock exceeded the S&P 500, which registered a gain of 0.16% for the day. On the other hand, the Dow registered a gain of 0.04%, and the technology-centric Nasdaq increased by 0.49%. Investors will be eagerly watching for the performance of OneSpan in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.19, showcasing a 205.56% upward movement from the corresponding ...

Investors will be eagerly watching for the performance of OneSpan in its upcoming earnings disclosure. In that report, analysts expect OneSpan to post earnings of $0.19 per share. This would mark year-over-year growth of 205.56%. The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our conse ...

Onespan (OSPN) is a Zacks Rank #1 (Strong Buy) that has a D for Value and an A for Growth. This is a security software company that focuses on e-signatures and fraud protection. Let's explore more about this company in this Bull of The Day article. Description OneSpan Inc. provides software services. The Company designs and develops security software and e-signature solutions which protects devices and financial transactions from fraud and misuse. It delivers risk analytics, mobile security and authenticati ...

FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2024 OR Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________ FORM 10-Q _____________________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (I.R.S. Employer Identification No.) 1 Marina Park Drive, Unit 1410 Boston, Massachusetts 02210 (Address of Principal Executive Offices) (Zip Code) (312) 766-4001 (Registrant's telephone ...

"I am very proud of the OneSpan team's performance in the first quarter, which resulted in a strong topline, enhanced profitability and positive cash flow generation," stated OneSpan interim CEO, Victor Limongelli. "Since I've taken the helm in January, we have continued to find opportunities for additional cost reductions, as well as operational efficiencies later in the year, totaling incremental savings of approximately $10 million on an annualized basis. These savings, combined with our strong Q1 perfor ...

Financial Data and Key Metrics Changes - The company reported an 11% year-over-year revenue growth to $63 million in Q4 2023, with an annual revenue increase of 7% to $235.1 million for the full year [26][72] - Annual Recurring Revenue (ARR) grew 11% year-over-year to $155 million, with subscription revenue increasing 19% to $106.4 million for the full year [35][48] - Adjusted EBITDA for Q4 2023 was $11.2 million, representing an 18% margin, the highest quarterly adjusted EBITDA margin in several years [26][76] - GAAP net income per share was $0.01 in Q4 2023, compared to a GAAP net loss per share of $0.08 in the same period last year [75] Business Line Data and Key Metrics Changes - The Digital Agreements segment saw a 17% revenue growth in Q4 2023, while the Security Solutions segment grew by 10% [72] - Subscription ARR for Digital Agreements grew 18% to $49 million, while Security Solutions subscription ARR grew 19% to $75 million [57][54] - DIGIPASS hardware token revenue increased 16% in Q4 2023, benefiting from contracts that closed earlier than expected [49][56] Market Data and Key Metrics Changes - Revenue mix by region in Q4 2023 was 49% from EMEA, 34% from the Americas, and 17% from Asia Pacific, showing a slight shift from the previous year [60][61] - The company noted strong visibility into DIGIPASS orders from large banking customers, while mid-market visibility remains less certain due to macroeconomic conditions [30][43] Company Strategy and Development Direction - The company is focused on operational efficiency and has made strategic changes, including sunsetting low ROI solutions and restructuring to align costs with growth [33][40] - Plans to introduce new products and rebuild the channel network to drive top-line growth were highlighted, with a commitment to achieving the rule of 40 [31][33] - The company aims to achieve annualized cost savings of $64 million to $65 million by the end of 2024, up from previous projections [47][71] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strength of customer relationships, particularly with major banks, and noted the team's effective execution amid changes [7][24] - The company anticipates continued challenges in the mid-market banking sector but expects to leverage its competitive advantages for growth [30][41] - Future guidance for 2024 includes revenue expectations in the range of $238 million to $246 million, with ARR projected between $160 million and $168 million [101] Other Important Information - The company achieved annualized cost savings of over $58 million for 2023, with a headcount reduction of approximately 5% [27][71] - The transition of identity verification solutions from the security business unit to digital agreements is expected to impact ARR and NRR in Q1 2024 [62] Q&A Session Summary Question: What surprised management the most since joining the company? - Management highlighted the strength of customer relationships, particularly with top banks, as a significant asset [7] Question: What are the opportunities for driving higher levels of growth? - Management indicated a focus on operational efficiency while exploring adjacent markets for growth, emphasizing a cautious approach to hiring [106] Question: What is the expected trend for maintenance and support revenue? - Management expects maintenance and support revenue to continue declining due to the transition from legacy contracts to subscription models [48][103]