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.
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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