OneSpan (OSPN) Ascends But Remains Behind Market: Some Facts to Note

Company Performance - OneSpan's stock closed at $14.39, reflecting a +0.21$0.31, indicating a 27.91% decrease from the same quarter last year [2] Analyst Estimates - Changes in analyst estimates for OneSpan are crucial as they reflect the shifting dynamics of short-term business patterns, with positive revisions indicating a favorable outlook on the company's health and profitability [3] - The Zacks Rank system, which considers these estimate changes, provides a rating system that has historically outperformed the market [4] Zacks Rank and Valuation - OneSpan currently holds a Zacks Rank of 4 (Sell), with the consensus EPS projection remaining stagnant over the past 30 days [5] - The company has a Forward P/E ratio of 10.64, which is significantly lower than the industry average Forward P/E of 25.02, suggesting that OneSpan is trading at a discount [6] Industry Context - The Internet - Software industry, to which OneSpan belongs, is part of the Computer and Technology sector and has a Zacks Industry Rank of 91, placing it in the top 37% of over 250 industries [6] - The strength of individual industry groups is measured by the Zacks Industry Rank, with top-rated industries outperforming the bottom half by a factor of 2 to 1 [7]