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Fly News Breaks for May 30, 2018
VDSI, OSPN
May 30, 2018 | 12:11 EDT
After Vasco Data Security simultaneously announced this morning that it has acquired Dealflo and will be changing its name to OneSpan, BTIG analyst Joel Fishbein, Jr. said he believes the combination of the acquisition, the rebranding, the creation of the Trusted Identity Platform, and the prospects of returning to double-digit top-line growth in FY19 signal that the company's model is inflecting. Given he believes the company is now at the start of a sustainable turnaround, Fishbein, Jr. raised his price target on Vasco shares to $25 from $18 and keeps a Buy rating on the stock.
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