Comments on: VDSI Plummets 29% on Earnings Report http://www.llamamoney.com/vdsi-plummets-29-on-earnings-report/ It's not just money - it's Llama Money Thu, 22 Jul 2010 20:14:50 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Llama Money http://www.llamamoney.com/vdsi-plummets-29-on-earnings-report/comment-page-1/#comment-441 Llama Money Sat, 26 Apr 2008 00:04:28 +0000 http://www.llamamoney.com/vdsi-plummets-29-on-earnings-report/#comment-441 The currency exchange rates item is interesting - I wouldn't have thought of that. Even still I guess I'll have to go against the grain. I don't see the year ending and VDSI sitting under $13. I'd even be surprised if it finished under $13. Wait and see, right? The experts vs little old me :) The currency exchange rates item is interesting – I wouldn’t have thought of that. Even still I guess I’ll have to go against the grain. I don’t see the year ending and VDSI sitting under $13. I’d even be surprised if it finished under $13. Wait and see, right? The experts vs little old me :)

]]> By: Frank http://www.llamamoney.com/vdsi-plummets-29-on-earnings-report/comment-page-1/#comment-440 Frank Fri, 25 Apr 2008 22:29:21 +0000 http://www.llamamoney.com/vdsi-plummets-29-on-earnings-report/#comment-440 Morgan Keegan's Brian Freed downgraded the company to "Market Perform" from "Outperform." He noted it was Vasco's fourth straight quarter of slowing revenue growth. "We believe the lackluster year-over-year revenue growth combined with management's reaffirmation of full-year revenue and margin targets will drive a continued crisis of confidence among Vasco investors and increase the potential for further downward revisions given the aggressive ramp required in the second half to meet management guidance," Freed wrote in a client note. Separately, Brean Murray Carret & Co. analyst Andrey Glukhov noted that favorable currency exchange rates added $2 million to Vasco's revenue in the quarter. "In other words year-over-year revenue growth was almost entirely a function of the currency gain," he wrote. Glukhov also said it was unlikely Vasco could meet its guidance, as the company's year-over-year sales growth would have to accelerate to at least 55 percent by the fourth quarter. Morgan Keegan’s Brian Freed downgraded the company to “Market Perform” from “Outperform.” He noted it was Vasco’s fourth straight quarter of slowing revenue growth.

“We believe the lackluster year-over-year revenue growth combined with management’s reaffirmation of full-year revenue and margin targets will drive a continued crisis of confidence among Vasco investors and increase the potential for further downward revisions given the aggressive ramp required in the second half to meet management guidance,” Freed wrote in a client note.

Separately, Brean Murray Carret & Co. analyst Andrey Glukhov noted that favorable currency exchange rates added $2 million to Vasco’s revenue in the quarter. “In other words year-over-year revenue growth was almost entirely a function of the currency gain,” he wrote.

Glukhov also said it was unlikely Vasco could meet its guidance, as the company’s year-over-year sales growth would have to accelerate to at least 55 percent by the fourth quarter.

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