Can Vasco Data Securities Continue This Run?

I have to admit Vasco Data Securities (vdsi) has gone a lot higher then I thought it ever could in this time frame, but there are some fundamental reasons and major momentum moving this stock upwards this quarter and towards the next earnings release on October 25th. Vasco is a security company that is growing at an astounding pace, and judging by the recent additions of a few key contracts this company is poise to continue this growth in the future. It even opened up a new location in Brazil on October 1st to ensure it's growth prospects in the region. Vasco does the majority of it's business outside the United States, and therefore has a huge untapped market that is just beginning to embrace online banking.

As more people realize the convenience of online banking here in The States, customer's will demand higher security just as they did in Europe and the other over 60 countries that Vasco does business in. The only question I have is the growth already priced into the soaring stock price? It is currently trading at a 80 P/E ratio or multiple which is normally considered to be "expensive". Still there is only a couple analysist that even cover this stock, and it is only a 1.6 billion dollar company market cap wise so it certainly has breathing room still.

No matter what happens this earnings report it appears that the long term story remains, they are a small company (184 employees) that has hit the sweet spot of online banking industry and is leading in almost every place but the united states, which they are beginning to penetrate with their recent agreements with The Royal Bank Of Canada and Az-lan Tech Data which both have a very extensive reach!

Just to be clear though this pick is not for the faint of heart is has been on a crazy run, I would personally wait till after earnings or buy some now and buy some after earnings if all continues to go well...