RSA Security "market perform"

12/06/05 - Morgan Keegan

NEW YORK, December 6 (newratings.com) - Analysts at Morgan Keegan maintain their "market perform" rating on RSA Security Inc (RSAS).

In a research note published yesterday, the analysts mention that the company is set to acquire Cyota for approximately $145 million in cash. According to the analysts, the acquisition would expand RSA Security’s portfolio, including hardware authentication and software solutions. The company expects the acquisition to boost its 2006 revenues by $22 million-$25 million and be accretive to its 2H06 earnings.