FY2016 EPS Estimates for Cyren Ltd. Lifted by Analyst (CYRN)
Cyren Ltd. (NASDAQ:CYRN) – Craig Hallum boosted their FY2016 earnings estimates for shares of Cyren in a report released on Tuesday. Craig Hallum analyst C. Bennett now expects that the brokerage will post earnings per share of ($0.10) for the year, up from their prior estimate of ($0.13). Craig Hallum has a “Buy” rating and a $4.00 price target on the stock. Craig Hallum also issued estimates for Cyren’s Q4 2016 earnings at ($0.03) EPS and FY2017 earnings at ($0.08) EPS.
Separately, TheStreet upgraded Cyren from a “sell” rating to a “hold” rating in a report on Thursday, August 11th.
Cyren (NASDAQ:CYRN) opened at 2.20 on Friday. The company’s market capitalization is $86.06 million. The company has a 50 day moving average of $2.26 and a 200 day moving average of $2.14. Cyren has a 52-week low of $1.30 and a 52-week high of $2.60.
Cyren (NASDAQ:CYRN) last posted its quarterly earnings data on Tuesday, November 15th. The company reported ($0.02) earnings per share for the quarter, topping the Thomson Reuters’ 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 14.88% and a negative return on equity of 14.43%. Cyren’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.04) earnings per share.
An institutional investor recently raised its position in Cyren stock. GHP Investment Advisors Inc. boosted its position in shares of Cyren Ltd. (NASDAQ:CYRN) by 32.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent quarter. Hedge funds and other institutional investors own 14.02% of the company’s stock.
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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