ActivIdentity initiated with "buy" - update

08/16/07 - Lazard Capital Markets

NEW YORK, August 16 (newratings.com) - Analysts at Lazard Capital initiate coverage of ActivIdentity Corporation (ACTI) with a "buy" rating. The target price is set to $7.

In a research note published yesterday, the analysts mention that by 2010, the markets addressed by the company would be worth $2.2 billion. ActivIdentity’s revenues are likely to rise 19% in FY07 and 21% in FY08, being favourably impacted by the company’s solid positioning in the US government programmes and its strategic alliances with large-cap software companies, the analysts say. ActivIdentity is likely to become cash flow positive by end-2007, Lazard Capital adds.