Cyren (NASDAQ:CYRN) posted its earnings results on Wednesday. The technology company reported ($0.08) earnings per share for the quarter, hitting the consensus estimate of ($0.08), Fidelity Earnings reports. The firm had revenue of $9.71 million during the quarter, compared to analysts’ expectations of $9.70 million. Cyren had a negative return on equity of 50.68% and a negative net margin of 49.84%.
CYRN traded down $0.02 during trading on Thursday, hitting $1.36. 2,342 shares of the stock were exchanged, compared to its average volume of 13,436. The company has a market cap of $89.38 million, a price-to-earnings ratio of -4.58 and a beta of 0.32. Cyren has a 1-year low of $1.35 and a 1-year high of $3.79. The company’s fifty day simple moving average is $1.65. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.37.
CYRN has been the subject of several recent analyst reports. ValuEngine upgraded Cyren from a “hold” rating to a “buy” rating in a research note on Monday. B. Riley began coverage on Cyren in a research report on Tuesday, June 25th. They set a “buy” rating on the stock.
Cyren Company Profile
CYREN Ltd., together with its subsidiaries, provides information security solutions for protecting Web, email, and mobile transactions worldwide. The company operates Cyren Cloud Security, a SaaS security platform, which provides Internet security services, including Web Security that provides the enforcement of Web policy and state-of-the-art threat protection for business users; DNS Security, which allows businesses to protect employees at headquarters, visitors in remote offices, customers at retail stores, or students on a campus; Email Security, a cloud-based secure email gateway; and Cloud Sandboxing that protects businesses against breaches and data loss from threats.
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