OneSpan (OSPN) Rises Higher Than Market: Key Facts

OneSpan (OSPN) ended the recent trading session at $15.60, demonstrating a +2.56% change from the preceding day's closing price. The stock outpaced the S&P 500's daily gain of 0.21%. Meanwhile, the Dow experienced a rise of 0.25%, and the technology-dominated Nasdaq saw an increase of 0.45%. Coming into today, shares of the internet security company had gained 17.82% in the past month. In that same time, the Computer and Technology sector gained 4.48%, while the S&P 500 gained 3.07%. The upcoming earnings release of OneSpan will be of great interest to investors. It is anticipated that the company will report an EPS of $0.28, marking a 15.15% fall compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $58.36 million, up 3.77% from the year-ago period. For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.44 per share and a revenue of $249.3 million, representing changes of +9.09% and +2.52%, respectively, from the prior year. Any recent changes to analyst estimates for OneSpan should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook. Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system. The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.43% higher. OneSpan is currently a Zacks Rank #3 (Hold). In the context of valuation, OneSpan is at present trading with a Forward P/E ratio of 10.56. This denotes a discount relative to the industry average Forward P/E of 30.47. The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 63, putting it in the top 26% of all 250+ industries. The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions. Zacks Names #1 Semiconductor StockThis under-the-radar company specializes in semiconductor products that titans like NVIDIA don't build. It's uniquely positioned to take advantage of the next growth stage of this market. And it's just beginning to enter the spotlight, which is exactly where you want to be.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $971 billion by 2028.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ONESPAN INC (OSPN): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks