SafeNet Hits Road to Enhance Image with Investors

In the wake of a stock-option backdating scandal that brought about the resignation of its chairman and CEO, as well as its president and chief operating officer, encryption vendor SafeNet will make presentations at two investor conferences next week.

Walter Straub, the company’s chairman and interim CEO, is scheduled to provide an overview of the company’s performance and prospects at AeA Classic Financial Conference on Monday, November 6, and at the Pacific Growth Equities Technology Conference on Thursday, November 9.

Even though analysts at Deutsche Bank Securities and Stifel Nicolaus recently upped estimates and elevated SafeNet to a "buy" recommendation, respectively, the company still has some work to do to establish that it is back on course after the stock-option backdating issue and the executive-suite overhaul.

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