OneSpan: Slumps after missing Q3 estimates
03/11/2020 16:21
** Shares of cybersecurity firm OSPN.O slump 17.7% to
$18.53, the lowest in about three months
** Co on Monday after market close reported Q3 revenue of
$51.4 mln, below Street estimates of $58.6 mln, Refinitiv IBES
data showed
** The revenue miss was OSPN's second this year, with
results for the quarter dragged down by weak performance of co's
product and license business
** It also reported adjusted EPS of 3 cents/shr, missing
est. of 5 cents/shr urn:newsml:reuters.com:*:nBw6b4tLba
** Co forecast FY2020 revenue between $203 mln and $207 mln,
below estimates of $233.7 mln
** Up to Monday's close, shares have risen 31.5% this year
(Reporting by Niket Nishant in Bengaluru)
((Niket.Nishant@thomsonreuters.com))