Cyren (NASDAQ:CYRN) Posts Earnings Results, Beats Estimates By $0.01 EPS

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Cyren (NASDAQ:CYRN) issued its quarterly earnings results on Wednesday. The technology company reported ($0.06) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.01, Fidelity Earnings reports. The company had revenue of $9.50 million for the quarter, compared to the consensus estimate of $9.80 million. Cyren had a negative net margin of 49.81% and a negative return on equity of 58.56%.

Shares of NASDAQ:CYRN traded down $0.03 during midday trading on Thursday, reaching $1.63. The company had a trading volume of 9,800 shares, compared to its average volume of 30,199. The company’s 50 day moving average price is $1.65 and its 200 day moving average price is $1.70. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.42. The stock has a market cap of $88.85 million, a P/E ratio of -5.26 and a beta of 0.32. Cyren has a 52-week low of $1.30 and a 52-week high of $3.02.

A number of equities analysts recently weighed in on CYRN shares. B. Riley reissued a “buy” rating and issued a $3.00 price target on shares of Cyren in a report on Friday, September 13th. ValuEngine raised shares of Cyren from a “hold” rating to a “buy” rating in a report on Wednesday, September 4th.

About Cyren

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.

Read More: Why investors pay attention to retained earnings

Earnings History for Cyren (NASDAQ:CYRN)

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