Cycurion (NASDAQ:CYCU) Releases Earnings Results, Beats Estimates By $0.36 EPS

Cycurion (NASDAQ:CYCU) issued its quarterly earnings results on Thursday. The company reported ($0.47) EPS for the quarter, topping analysts’ consensus estimates of ($0.83) by $0.36, Zacks reports. The business had revenue of $3.27 million for the quarter. Cycurion had a negative return on equity of 122.48% and a negative net margin of 108.49%.

Cycurion Stock Performance

NASDAQ:CYCU traded down $0.03 during trading hours on Friday, reaching $0.88. The stock had a trading volume of 499,730 shares, compared to its average volume of 2,106,531. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.47 and a current ratio of 0.47. The stock has a 50 day simple moving average of $1.15 and a 200 day simple moving average of $2.28. Cycurion has a 12-month low of $0.77 and a 12-month high of $15.88. The stock has a market cap of $4.85 million, a P/E ratio of -0.04 and a beta of 1.06.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CYCU. Litchfield Hills Research began coverage on Cycurion in a report on Friday, January 23rd. They set a “buy” rating and a $7.00 price target on the stock. Zacks Research upgraded Cycurion to a “hold” rating in a report on Monday, January 26th. Finally, Weiss Ratings upgraded Cycurion from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, May 7th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $7.00.

About Cycurion

Cycurion is a global leading provider of Network Communications and Information Technology Security Solutions. Our mission is to develop and deliver world-class, cutting-edge solutions for our clients, regardless of size or complication, expressly optimizing your IT environment to meet the business need and to keep projects on track and on budget.