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OneSpan Inc. - OSPN STOCK NEWS

Welcome to our dedicated page for OneSpan news (Ticker: OSPN), a resource for investors and traders seeking the latest updates and insights on OneSpan stock.

OneSpan Inc. (symbol: OSPN) is a globally recognized provider of cutting-edge information technology security solutions, primarily serving the banking, financial services, and application security markets. The company is dedicated to enabling financial institutions and other organizations to achieve significant advancements in their digital transformation journeys. OneSpan's core business revolves around establishing trust in people's identities, the devices they utilize, and the transactions that shape their daily lives.

Serving over 10,000 customers, including more than half of the top 100 global banks, OneSpan's solutions are trusted to protect some of the world's most important business relationships and processes. The company offers a diversified portfolio of products, such as digital onboarding, fraud mitigation, and workflow management tools, all aimed at reducing costs, accelerating customer acquisition, and enhancing customer satisfaction.

OneSpan's primary product offerings include authentication and anti-fraud solutions, featuring multifactor authentication and virtual private network (VPN) access capabilities. These solutions secure and manage access to digital assets and protect online transactions, whether conducted via mobile devices or in-person.

The company generates revenue from various streams, including hardware and license fees, maintenance and support fees, and subscription fees. The majority of OneSpan's revenue comes from Europe, the Middle East, and Africa, with additional contributions from the United States and the Asia-Pacific region.

OneSpan's recent achievements include numerous partnerships with leading global financial institutions and the continuous enhancement of its unified, open platform. This platform is designed to streamline and secure key business processes, contributing to the company's growth and success in the rapidly evolving digital security landscape.

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OneSpan Inc. (NASDAQ: OSPN) to release Q4 and fiscal year 2023 financial results on March 6, 2024. Conference call and webcast to discuss the results.
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OneSpan Inc. (NASDAQ: OSPN) to participate in the 26th Annual Needham Growth Conference, with CEO Victor Limongelli hosting in-person and virtual investor meetings.
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OneSpan Inc. (Nasdaq: OSPN) announced a leadership change to strengthen its strategic plan and accelerate the pace of execution of the Company’s ongoing transformation. Victor Limongelli, a seasoned software CEO, has been named Interim Chief Executive Officer, replacing Matthew Moynahan. The change is effective immediately. The Board of Directors believes this is the right time for a leadership transition. Victor has a strong track record of improved operational performance at software companies. OneSpan aims to optimize across the organization and deliver better value for customers, improved opportunities for employees, and enhanced value creation for shareholders.
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OneSpan Inc. (Nasdaq: OSPN) announced the results of its modified 'Dutch auction' tender offer, accepting 2,380,952 shares of common stock at a final purchase price of $10.50 per share, totaling approximately $25.0 million. The final proration factor for the tender offer is approximately 74%, representing about 6% of the Company’s outstanding common stock as of November 9, 2023.
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OneSpan Inc. (Nasdaq: OSPN) announced preliminary results of a modified 'Dutch auction' tender offer to purchase up to $20 million of its common stock. A total of 3,155,307 shares were properly tendered, and the company expects to acquire 2,380,841 shares at a price of $10.50 per share, representing approximately 6% of the Company’s shares outstanding. The tender offer was announced on November 13, 2023, with a price range of $9.50 to $11.00.
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OneSpan (NASDAQ: OSPN) launches new partner network program to expand portfolio with high-assurance identity proofing, authentication, and e-signature solutions, offering financial incentives, training, and certification.
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OneSpan Inc. (NASDAQ: OSPN) to participate in upcoming virtual investor conferences
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OneSpan (NASDAQ: OSPN) introduces DIGIPASS FX1 BIO, a cutting-edge physical passkey with fingerprint scan, providing passwordless authentication and robust security for remote workforces. The product addresses the rising data breaches and the need for user-friendly workforce authentication. According to Gartner, by 2025, over 50% of the workforce and 20% of customer authentication transactions will be passwordless. DIGIPASS FX1 BIO offers unparalleled security, simplified user experience, protection against social engineering attacks, increased efficiency, future readiness, and compliance assistance.
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OneSpan Inc. (Nasdaq: OSPN) Announces Commencement of Modified Dutch Auction Tender Offer to Repurchase Common Stock
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OneSpan Inc. (Nasdaq: OSPN) reported third quarter revenue growth of 3% to $58.8 million, with a 18% increase in subscription revenue. The company also announced a modified 'Dutch auction' tender offer to repurchase approximately $20 million of its common stock. Key financial results include a 10% year-over-year increase in Annual Recurring Revenue (ARR) to $149.8 million, and a Net Retention Rate (NRR) of 108%. The company expects revenue to be in the range of $228 million to $232 million for the full year 2023, with a target of low to mid-single digit revenue growth for the full year 2024.
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FAQ

What is the current stock price of OneSpan (OSPN)?

The current stock price of OneSpan (OSPN) is $16.18 as of November 1, 2024.

What is the market cap of OneSpan (OSPN)?

The market cap of OneSpan (OSPN) is approximately 614.7M.

What does OneSpan Inc. do?

OneSpan Inc. provides IT security solutions for banking, financial services, and application security markets, focusing on authentication and anti-fraud solutions.

Who are OneSpan's primary customers?

OneSpan serves over 10,000 customers, including more than half of the top 100 global banks.

What are OneSpan's main products?

OneSpan's main products include multifactor authentication, VPN access capabilities, digital onboarding, fraud mitigation, and workflow management tools.

How does OneSpan generate revenue?

OneSpan generates revenue from hardware and license fees, maintenance and support fees, and subscription fees.

In which regions does OneSpan primarily operate?

OneSpan primarily operates in Europe, the Middle East, and Africa, with additional operations in the United States and the Asia-Pacific region.

What recent achievements has OneSpan made?

OneSpan has secured numerous partnerships with global financial institutions and continuously enhances its unified, open platform for digital security.

How does OneSpan help financial institutions?

OneSpan helps financial institutions by securing digital transactions, reducing costs, accelerating customer acquisition, and improving customer satisfaction.

What is OneSpan's unified, open platform?

OneSpan's unified, open platform is designed to streamline and secure key business processes, enhancing digital security and operational efficiency.

What markets does OneSpan serve?

OneSpan serves the banking, financial services, and application security markets.

How does OneSpan ensure the security of online transactions?

OneSpan ensures the security of online transactions through multifactor authentication, VPN access, and advanced anti-fraud solutions.

OneSpan Inc.

Nasdaq:OSPN

OSPN Rankings

OSPN Stock Data

614.70M
37.99M
6.42%
85.55%
4.61%
Software - Infrastructure
Services-computer Integrated Systems Design
Link
United States of America
BOSTON