VDSI
VASCO Data Security International Inc.
TMT
01/27/2015
Presented
| Date | 01/15/2015 |
| Price | $21.58 |
| Market Cap | $0.85B |
| Ent Value | $0.72B |
| P/E Ratio | 36.36x |
| Book Value | $4.96 |
| Div Yield | N/A |
| Shares O/S | 39.24M |
| Ave Daily Vol | 890,000 |
| Short Int | 9.13% |
Current
| Price | $15.59 |
| Market Cap | $0.62B |
| VASCO Data Security International, Inc., together with its subsidiaries, designs, develops, and markets security systems to secure and manage access to user digital assets worldwide. The company offers VACMAN, a host system authentication platform that combines technologies in one unique platform; IDENTIKEY Authentication Server that adds server functionality to the VACMAN core authentication platform; DIGIPASS for APPS, a client platform for mobile applications; DIGIPASS clients, a suite of approximately 50 multi-application client e-signature software products; and DIGIPASS as a Service and MYDIGIPASS.COM, an cloud-based authentication services platform, which offers secure access to multiple online and in-the-cloud applications to enterprise employees, businesses, and consumers. It also provides IDENTIKEY Appliance, an authentication solution that offers two-factor authentication for remote access to a corporate network or to Web-based in-house business applications; IDENTIKEY Virtual Appliance, a virtualized authentication appliance that secures remote access to corporate networks and Web-based applications; and IDENTIKEY Federation Server, a server appliance that provides an identity and access management platform. In addition, the company offers DIGIPASS product line that exists as a family of software and hardware client authentication products and services for authenticating users to any network, such as the Internet and mobile applications. Its DIGIPASSES calculate dynamic signatures and passwords to authenticate users on a computer network and for various other applications. The DIGIPASS technology is also designed to operate on desktop PC or laptops, personal digital assistants, mobile phones, and smart cards. The company sells its security solutions through its direct sales force, distributors, resellers, and systems integrators. VASCO Data Security International, Inc. was founded in 1991 and is headquartered in Oakbrook Terrace, Illinois. |
Publicly traded companies mentioned herein: CA Inc (CA), EMC Corp (EMC), Gemalto NV (GTO NA), VASCO Data Security International Inc (VDSI)
Highlights
The presenter is short shares of VASCO Data Security (VDSI), a ~$1 billion market cap global leader in security/ identity management solutions for financial institutions. VDSI boasts more than half of the top 100 global banks as customers, and provides customers with electrical and digital authentication solutions. Generally speaking, the solutions VDSI provides are sticky, as there is no FDIC in Europe to protect customers, and once a system is installed it is difficult to rip out/ replace. Having said that, he noted that the shift to mobile/ digital could be a major issue for VDSI’s margins, which are at risk of being diluted.
◆Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.
◆Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.