Cybersecurity firm OneSpan forecasts annual revenue between $238M to $246M for FY2024, surpassing analysts' estimates.

Cybersecurity firm OneSpan surged on strong annual revenue forecast, posting Q1 profit above expectations. Shares rose 19% to near seven-month highs after the Boston-based company forecast revenue between $238M to $246M for FY2024, higher than analysts' average estimate of $239.65M. This optimism follows peer Crowdstrike's rally last week after it indicated stable demand for cybersecurity products.

March 07, 2024
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