Cyren Ltd. (NASDAQ:CYRN) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Analysts have set a 1 year consensus price target of $3.75 for the company and are forecasting that the company will post ($0.03) EPS for the current quarter, according to Zacks. Zacks has also assigned Cyren an industry rank of 67 out of 265 based on the ratings given to its competitors.
Several equities research analysts have commented on CYRN shares. TheStreet upgraded shares of Cyren from a “sell” rating to a “hold” rating in a research report on Thursday, August 11th. Craig Hallum started coverage on shares of Cyren in a research report on Thursday, August 25th. They issued a “buy” rating and a $4.00 price target on the stock.
Cyren (NASDAQ:CYRN) opened at 2.45 on Monday. The firm’s market cap is $95.84 million. The company has a 50 day moving average of $2.37 and a 200-day moving average of $2.01. Cyren has a one year low of $1.30 and a one year high of $2.60.
A number of large investors have recently modified their holdings of CYRN. Agur Provident & Training Funds Management Ltd. acquired a new stake in shares of Cyren during the first quarter valued at approximately $562,000. Renaissance Technologies LLC boosted its position in shares of Cyren by 5.6% in the first quarter. Renaissance Technologies LLC now owns 564,733 shares of the company’s stock worth $954,000 after buying an additional 29,900 shares in the last quarter. Finally, Emerald Acquisition Ltd. bought a new position in shares of Cyren during the second quarter worth $386,000. Hedge funds and other institutional investors own 13.43% of the company’s stock.
Cyren Company Profile
CYREN Ltd. (CYREN) is engaged in developing and marketing information security solutions for protecting Web, e-mail and mobile transactions. The Company is a Security-as-a-Service provider of integrated cloud-based security technology solutions that mitigate cyber threats, malware attacks, information leaks, legal liability and productivity loss through the application of cyber intelligence.
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