Cyren Ltd. Expected to Earn Q1 2017 Earnings of ($0.03) Per Share (CYRN)
Cyren Ltd. (NASDAQ:CYRN) – Stock analysts at Craig Hallum issued their Q1 2017 EPS estimates for shares of Cyren in a research note issued on Tuesday. Craig Hallum analyst C. Bennett forecasts that the brokerage will post earnings per share of ($0.03) for the quarter. Craig Hallum has a “Buy” rating and a $4.00 price target on the stock. Craig Hallum also issued estimates for Cyren’s Q2 2017 earnings at ($0.03) EPS, Q3 2017 earnings at ($0.01) EPS and Q4 2017 earnings at ($0.01) EPS.
Separately, TheStreet raised shares of Cyren from a “sell” rating to a “hold” rating in a research report on Thursday, August 11th.
Shares of Cyren (NASDAQ:CYRN) opened at 2.20 on Thursday. Cyren has a 12-month low of $1.30 and a 12-month high of $2.60. The firm’s market capitalization is $86.06 million. The company’s 50-day moving average is $2.26 and its 200-day moving average is $2.13.
Cyren (NASDAQ:CYRN) last released its quarterly earnings results on Tuesday, November 15th. The company reported ($0.02) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.01. The business earned $7.90 million during the quarter, compared to analyst estimates of $7.90 million. Cyren had a negative net margin of 14.88% and a negative return on equity of 14.43%. The business’s revenue was up 14.0% on a year-over-year basis. During the same period last year, the business earned ($0.04) EPS.
An institutional investor recently raised its position in Cyren stock. GHP Investment Advisors Inc. increased its position in shares of Cyren Ltd. (NASDAQ:CYRN) by 32.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 51,600 shares of the company’s stock after buying an additional 12,600 shares during the period. GHP Investment Advisors Inc. owned about 0.13% of Cyren worth $126,000 as of its most recent SEC filing. 14.02% of the stock is currently owned by institutional investors and hedge funds.
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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