UPDATE: Wunderlich Securities Downgrades VASCO Data Security To Hold

By Steven Anfield
Benzinga Staff Writer
September 07, 2011 9:39 AM

Symbols: CA, VDSI

Posted in: Analyst Color, Downgrades, Analyst Ratings

According to Wunderlich Securities, VASCO Data Security (NASDAQ: VDSI) is downgraded to Hold.

Wunderlich Securities said that additional details have been revealed regarding the hack of DigiNotar, a wholly owned subsidiary of VASCO (VDSI). “Based on the data, we see potential for a total loss of the DigiNotar business as browsers invalidate DigiNotar as a recognized certificate authority (CA) and the Dutch government replaces DigiNotar with alternate CA providers.”

VASCO Data Security closed yesterday at $6.70.

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UPDATE: Wunderlich Securities Downgrades VASCO Data Security To Hold

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