OneSpan: Good H1'24, H2'24 Will Be Likely Muted, And The Stock Is Still Fairly Valued
OSPNOneSpan (OSPN) Seeking Alpha·2024-08-28 12:15

AndreyPopov This article analyzes OneSpan's (NASDAQ:OSPN) 2Q24 results and earnings call. It also revisits the company's valuation and my Hold rating from May 2024, which has been maintained since June 2022 when I started covering the company. OneSpan's 1H24 has been very good on the cost side, as the company has materialized tremendous cost reductions (including close to a 50% workforce reduction), with no visible deterioration of customer service, product quality, or sales growth. In 2Q24, the company con ...