OneSpan raises 2026 total revenue guidance to $248 mln-$252 mln from $244 mln-$249 mln.
Company now sees 2026 adjusted EBITDA at $67 mln-$71 mln, up from $64 mln-$68 mln.
OneSpan expects 2026 ARR in the range of $194 mln-$198 mln.
Drivers behind the results
Digital agreements growth - Co said digital agreements revenue grew 25% yr/yr, supporting overall revenue and subscription gains.
Subscription revenue - Co reported subscription revenue up 11% yr/yr, contributing to higher annual recurring revenue.
New platform launch - Co introduced DigipassONE, a unified authentication platform, which CEO said will serve as foundation for future enhancements.
Analyst coverage and valuation
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell".
The average consensus recommendation for the software peer group is "buy".
Wall Street's median 12-month price target for OneSpan Inc. is $15.50, about 2.3% below its August 3 closing price of $15.87.
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 9 three months ago.
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