BWS Financial Starts AuthenTec (AUTH) at Buy; Innovating Security to the Next Level

BWS Financial initiates coverage on AuthenTec (NASDAQ: AUTH) with a Buy. PT $5.00.

Analyst, Hamed Khorsand, said, "AUTH has evolved from developing fingerprint sensors for PCs to mobile phones and security solutions for enterprises and content providers...We anticipate the adoption curve to increase as the usage of NFC ramps up. There have already been two Motorola phones for the USA market in 2011."

"AUTH has a DRM security solution for content providers that has already gained support from HBO and Sky Deutschland...AUTH is currently on pace for EPS to nearly triple in 2013 from the $0.11 we are projecting in 2012."

For an analyst ratings summary and ratings history on AuthenTec click here. For more ratings news on AuthenTec click here.

Shares of AuthenTec closed at $3.25 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• B.Riley Starts Weave Communications Inc (WEAV) at Buy
• Cannonball Research Starts Zapata Computing (ZPTA) at Buy
• Evercore ISI Starts Equity Residential (EQR) at In Line