Vasco Data Security (VDSI) Issues Mixed Prelim. Q3 Results; Revises FY16 Guidance

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Go back to Vasco Data Security (VDSI) Issues Mixed Prelim. Q3 Results; Revises FY16 Guidance

Dougherty & Co Downgrades VASCO Data Security (VDSI) to Neutral

October 19, 2016 7:50 AM EDT

Dougherty & Co downgraded VASCO Data Security (NASDAQ: VDSI) from Buy to Neutral and removed its price target (prior $20.00). The change follows its Q3 pre-announcement and reduced FY guidance.

Analyst Joe Maxa said, "VDSI's revised outlook reflects lengthened sales cycles, primarily in the... More