Vasco Data Security (VDSI -23.7%) gets clobbered following its warning - not only is expected Q3...

|By:, SA News Editor

Vasco Data Security (VDSI -23.7%) gets clobbered following its warning - not only is expected Q3 revenue of $36M below a $42.9M consensus, the authentication hardware/software firm's 2012 revenue guidance ($150M-$157M vs. consensus of $171M) implies Q4 will also be soft. Given this is the is the second big warning this year from Vasco (previous), which has heavy European exposure, the Street isn't in a forgiving mood. (possible MSFT competition)