Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Our Money, Our Lost Identities

Identity theft. Viruses. Worms. Phishing. Denial of service attacks.

Is it any wonder that people are getting more concerned about doing their business online? Then again, these threats are opportunities for security firms, such as RSA Security (Nasdaq: RSAS  ) , VeriSign (Nasdaq: VRSN  ) , and Symantec (Nasdaq: SYMC  ) .

Another leader is Entrust, Inc. (Nasdaq: ENTU  ) . The company understands that it needs to constantly develop cutting-edge technology since there are many around the world who want to create online havoc.

So far, Entrust is getting traction. Yesterday, the company announced its third-quarter results. The company posted revenues of $21.3 million, which was a 6% increase from the same period a year ago. Earnings were $0.01 per share, which was up from a loss of $0.14 per share in the same period a year ago. The balance sheet was also solid, with $101 million in cash and no debt.

In fact, the company appears to be experiencing a surge in demand. The company expects to close more product revenue in October than all the product revenue for the second quarter of 2004.

One of the more interesting products from Entrust is IdentityGuard. This allows for strict authentication to help reduce identity theft. True, there are a variety of similar solutions, but they are costly and do not scale effectively.

No doubt, this can have a big impact for e-commerce. After all, according to a study by Greenfield Online (Nasdaq: SRVY  ) , about 72% of users who do not use online banking would do so if they had identity protection.

Fool contributor Tom Taulli does not own shares in the companies mentioned in this article.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 502725, ~/Articles/ArticleHandler.aspx, 10/24/2016 12:00:52 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 2 days ago Sponsored by:
DOW 18,145.71 -16.64 -0.09%
S&P 500 2,141.16 -0.18 -0.01%
NASD 5,257.40 15.57 0.30%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

7/28/2009 4:00 PM
ENTU $2.00 Down +0.00 +0.00%
Entrust CAPS Rating: **
SRVY $17.47 Down +0.00 +0.00%
Greenfield Online CAPS Rating: ****
SYMC $24.08 Down -0.12 -0.50%
Symantec CAPS Rating: ***
VRSN $81.56 Up +5.00 +6.53%
VeriSign CAPS Rating: ****