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OneSpan (OSPN) Falls More Steeply Than Broader Market: What Investors Need to Know
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OneSpan (OSPN - Free Report) closed the most recent trading day at $13.04, moving -1.66% from the previous trading session. The stock's performance was behind the S&P 500's daily loss of 0.78%. Elsewhere, the Dow lost 1.29%, while the tech-heavy Nasdaq lost 0.7%.
Coming into today, shares of the internet security company had gained 3.92% in the past month. In that same time, the Computer and Technology sector lost 3.17%, while the S&P 500 gained 2.14%.
The upcoming earnings release of OneSpan will be of great interest to investors. The company's earnings report is expected on August 1, 2024. The company's upcoming EPS is projected at $0.19, signifying a 205.56% increase compared to the same quarter of the previous year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for OneSpan. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. OneSpan is currently sporting a Zacks Rank of #2 (Buy).
Looking at valuation, OneSpan is presently trading at a Forward P/E ratio of 12.39. This denotes a discount relative to the industry's average Forward P/E of 29.59.
The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 90, finds itself in the top 36% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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OneSpan (OSPN) Falls More Steeply Than Broader Market: What Investors Need to Know
OneSpan (OSPN - Free Report) closed the most recent trading day at $13.04, moving -1.66% from the previous trading session. The stock's performance was behind the S&P 500's daily loss of 0.78%. Elsewhere, the Dow lost 1.29%, while the tech-heavy Nasdaq lost 0.7%.
Coming into today, shares of the internet security company had gained 3.92% in the past month. In that same time, the Computer and Technology sector lost 3.17%, while the S&P 500 gained 2.14%.
The upcoming earnings release of OneSpan will be of great interest to investors. The company's earnings report is expected on August 1, 2024. The company's upcoming EPS is projected at $0.19, signifying a 205.56% increase compared to the same quarter of the previous year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for OneSpan. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. OneSpan is currently sporting a Zacks Rank of #2 (Buy).
Looking at valuation, OneSpan is presently trading at a Forward P/E ratio of 12.39. This denotes a discount relative to the industry's average Forward P/E of 29.59.
The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 90, finds itself in the top 36% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.