Cyren Ltd. (CYRN) Posts Earnings Results, Beats Estimates By $0.01 EPS
Cyren Ltd. (NASDAQ:CYRN) released its quarterly earnings data on Tuesday. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.01. The company had revenue of $7.90 million for the quarter, compared to analysts’ expectations of $7.90 million. Cyren had a negative net margin of 16.60% and a negative return on equity of 15.20%. The business’s revenue was up 14.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.04) EPS.
Cyren (NASDAQ:CYRN) opened at 2.20 on Wednesday. The stock’s 50 day moving average is $2.26 and its 200-day moving average is $2.13. Cyren has a 52-week low of $1.30 and a 52-week high of $2.60. The company’s market cap is $86.06 million.
A number of equities analysts have recently issued reports on the stock. Craig Hallum assumed coverage on shares of Cyren in a research report on Thursday, August 25th. They set a “buy” rating and a $4.00 price objective on the stock. TheStreet raised shares of Cyren from a “sell” rating to a “hold” rating in a research report on Thursday, August 11th.
A hedge fund recently bought a new stake in Cyren stock. Emerald Acquisition Ltd. bought a new position in Cyren Ltd. (NASDAQ:CYRN) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 195,020 shares of the company’s stock, valued at approximately $386,000. Emerald Acquisition Ltd. owned about 0.50% of Cyren at the end of the most recent quarter. 14.02% of the stock is currently owned by institutional investors.
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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