VASCO Data Security International (VDSI) NewsBite - VDSI Q2 Profit Rises Beating Estimates

Thursday, July 24, 2008 2:30 PM EDT

Vasco Data Security International Inc. (VDSI) opened at 12.50. So far today, the stock has hit a low of 12.17 and a high of 13.61. VDSI is now trading at 13.33, up 1.85 (14.80%). The stock hit its 52 week high of 44.25 in October and set its 52 week low of 9.49 in April. VDSI has been dropping since October of last year. Vasco Data Security International reported a 9% increase in second quarter profit, which topped analysts' estimates. The company reported earnings of $7.5 million, or $0.20 per share on sales of $35.4 million, while analysts forecast a profit of $0.15 per share on $34.20 million in revenue. Technical indicators for the stock are bullish and steady. We will just watch this one for now. There are no trades that we like for VDSI. [RHF - Seven Summits Strategic Investments NewsBite]

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