VASCO Data Security International

Shares of VASCO Data Security International dropped by a precipitous 16% yesterday. The e-signatures specialist met Street expectations with revenues of $0.07 per share and beat them with $43 million in revenue -- a 74% year-over-year gain.

The gloomy margin outlook

So why the gloomy margin outlook, at that time? CEO Ken Hunt points to strong sales of lower-margin products to the banking sector as both the driver of plus-sized revenue and thinner margins. "We by all means think that the current gross margins are temporary," he said, hoping to rebalance sales toward smaller however higher-margin deals in the enterprise end-market. That said, it'll take a during because VASCO has more banking orders on tap than it can fill.

The possibility is made even larger by VASCO's commitment to security for various cloud-computing platforms. The Digipass authentication product is supported by recent Intel processors, helping IT directors manage digital identities from a central cloud without buying additional hardware or software for each user. Digipass as well works with the Google Apps platform, so you can sign in to your corporate suite of Google tools like Gmail and Google Docs with the same centrally managed credentials.

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