VASCO Data Security International, Inc. (NASDAQ:VDSI) internet-security company warned the year's top line will come in well short of even the initial expectations of the company as the third quarter ended up far lower than the estimations. The company accused weaker orders for delivery by year-end for the shortfall, especially in the banking space.
Company provided a preliminary estimate of revenues for the third quarter of 2012 and updated its full-year 2012 guidance.
VDSI expects revenue for third quarter for fiscal year 2012 to be almost $36 million, subject to accomplishment of its normal quarterly review processes.
VASCO Data Security International, Inc. (NASDAQ:VDSI) traded with volume of 1,253,700 shares in last session which was unexpectedly higher versus average trading capacity of 128,775 shares. The stock traded with opening bell at $7.90, gained the maximum price level of $7.90 and then finished the day at $7.34 by scoring -17.90%.
VDSI remained successful in generating revenue of $168.81 million in the trailing twelve months and made net income of $26.66 million. The Company maintained a positive 15.79% for the net profit margin and in its operating margin it scored 16.43%. Company’s yearly revenue change for the last five years was 17.18%.
The VDSI’s price to sales ratio is 1.69 and price to cash ratio is 3.35 for the past 12 months. As far as the returns from the company is concerned, return on assets remained as +15.96%.
The stock showed downbeat performance of -20.82% for the week which was maintained for the month at -23.38%. Likewise the negative performance for the trailing 3 months was recorded as -8.14% and in last year was +27.43% while the performance so far in current year remains at +12.58%.
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