Wunderlich Securities Reiterates Buy on Vasco Data Security International

Wunderlich Securities reiterated its Buy rating on Vasco Security International VDSI. In a research report published today, Wunderlich stressed Google's GOOG praise of two-factor authentication security, where Vasco is the market leader, following the security problems in Gmail accounts, as the reason for its decision. In the report, Wunderlich states, "Google recently announced that a number of Gmail accounts had been compromised. In the wake of this event Google has emphasized the importance for two-factor authentication security features, a service which it rolled out to it users earlier this year. Vasco Data Security International (VDSI) is a market leader in two-factor authentication security and should benefit from amplified demand for companies to enhance their online security features. We see the attractive valuation and anticipated focus on authentication solutions as offering an entry point and a long-term catalyst for VDSI shares. We reiterate our Buy rating on VDSI shares." At the moment, Wunderlich has a price target of $15.50 set on the company's stock. On Thursday, Vasco lost 0.88% to close the day at $11.64.