VASCO Data Security International, Inc

VDSI -  Nasdaq - Security Software and Services

7.00 to 8.00

10.00

VASCO Data Security International, Inc. engages in the design, development, marketing, and support of hardware and software security systems that manage and secure access to information assets worldwide. Its DIGIPASS product line exists as a family of authentication devices and software libraries for authenticating users to any network, including the Internet. DIGIPASS devices calculate dynamic signatures and passwords to authenticate users on a computer network and for various other applications. The DIGIPASS technology is also designed to operate on desktop personal computers or laptops, personal digital assistants, mobile phones, and smart cards. The company�s VACMAN product line includes VACMAN controller and VACMAN middleware, which incorporates various authentication utilities and solutions that allow organizations to add DIGIPASS authentication into their existing networks and applications. VACMAN Middleware is a software suite used to verify authentication requests and to centrally administer user authentication policies. VACMAN Middleware, together with VASCO�s DIGIPASS family, provides authentication and secure access to Web applications, business applications, and virtual private networks. Its IDENTIKEY Server 3.0 delivers a turnkey solution to verify DIGIPASS authentication requests for remote network access or access to Web-based business applications, as well as provides an electronic signature system for secure transaction validation. The company also offers aXs GUARD Authentication Appliance for remote access to the corporate network or to Web-based in-house business applications; and aXs GUARD Authentication & Internet Security Appliance for user authentication and secure Internet communications to the enterprise. VASCO sells its security solutions through its direct sales force, as well as through distributors, resellers, and systems integrators. The company was founded in 1996 and is headquartered in Oakbrook Terrace, Illinois.

For the nine months ended 9/30/2009, revenues decreased 33% to $69.8 million. Net income decreased 67% to $7.0 million.

Current Ratio: 4.751, Total Debt/Equity Ratio: 0.00, Trailing P/E: 31.05x
Forward P/E: 22.89x,  Price/Sales: 3.07,  Price/Book: 2.90

There are 37.49  million shares outstanding with 28.95 million shares in the trading float. Institutions own approximately 39.00% of the shares outstanding. There have been 0 insider purchases and 0 insider sales in the last six months. Real-Time SEC Filings

As of 12/31/2009, there were 785,800 shares short.

Net Institutional Selling:   5.79 million shares in the current quarter

VASCO to Host 2010 Analyst, Investor and Media Conference in New York on February 18