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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) 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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OneSpan announces sponsorship of the Aspen Cyber Summit, where cybersecurity experts and industry leaders will discuss challenges of the digital age. OneSpan's CEO, Matthew Moynahan, will lead discussions on cybersecurity, trust, and digital transactions.
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OneSpan (NASDAQ: OSPN) has announced a new capability to its e-signature solution, OneSpan Sign, called Trust Vault. Trust Vault combines digital signatures with blockchain technology to safeguard the provenance of documents against emerging security threats. It provides long-term evidence of the authenticity of valuable agreements and transactions, ensuring their integrity and viability throughout their lifetime. Trust Vault is a decentralized digital storage solution that serves all industries and helps organizations meet compliance, regulatory, and chain of custody requirements.
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OneSpan Inc. to release Q3 2023 financial results on November 8, 2023
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OneSpan named leader in eSignature software market
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OneSpan Inc. will release its Q2 2023 financial results on August 9, 2023, followed by a conference call to discuss the results. A webcast of the call will be available on the company's investor relations website.
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OneSpan named leader in The Aragon Research Globe for Digital Transaction Management, 2023
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FAQ

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

The current stock price of OneSpan (OSPN) is $17.88 as of November 22, 2024.

What is the market cap of OneSpan (OSPN)?

The market cap of OneSpan (OSPN) is approximately 683.1M.

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

683.08M
35.56M
6.4%
93.87%
4.25%
Software - Infrastructure
Services-computer Integrated Systems Design
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United States of America
BOSTON