Cyren (NASDAQ:CYRN) Issues Quarterly Earnings Results, Hits Expectations

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.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in Cyren during the second quarter worth approximately $25,000. Jane Street Group LLC acquired a new position in Cyren during the fourth quarter worth approximately $64,000. Deutsche Bank AG increased its position in Cyren by 100.3% during the fourth quarter. Deutsche Bank AG now owns 62,500 shares of the technology company’s stock worth $187,000 after buying an additional 31,300 shares during the period. Belpointe Asset Management LLC increased its position in Cyren by 7.7% during the first quarter. Belpointe Asset Management LLC now owns 463,750 shares of the technology company’s stock worth $1,006,000 after buying an additional 33,250 shares during the period. Finally, Renaissance Technologies LLC increased its position in Cyren by 1.0% during the second quarter. Renaissance Technologies LLC now owns 648,763 shares of the technology company’s stock worth $1,122,000 after buying an additional 6,130 shares during the period. 57.38% of the stock is currently owned by institutional investors.

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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Earnings History for Cyren (NASDAQ:CYRN)

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