FalconStor Software (OTCMKTS:FALC) Releases Quarterly Earnings Results

FalconStor Software (OTCMKTS:FALC) issued its quarterly earnings results on Wednesday. The software maker reported $0.19 earnings per share (EPS) for the quarter, Zacks reports. FalconStor Software had a negative return on equity of 2.03% and a negative net margin of 2.69%.The firm had revenue of $3.31 million for the quarter.

FalconStor Software Stock Performance

FalconStor Software stock traded up $0.26 during midday trading on Thursday, reaching $2.00. The stock had a trading volume of 21,540 shares, compared to its average volume of 2,762. The stock’s 50-day simple moving average is $1.49 and its 200 day simple moving average is $1.59. The stock has a market capitalization of $14.30 million, a PE ratio of -7.14 and a beta of 0.55. FalconStor Software has a twelve month low of $0.90 and a twelve month high of $2.79.

About FalconStor Software

FalconStor Software, Inc is a provider of enterprise data protection and storage virtualization solutions designed to help organizations manage, protect and recover their critical data. The company’s offerings focus on reducing the complexity and cost of backup, replication and disaster recovery through software-defined storage technologies. By abstracting physical storage resources and automating data movement, FalconStor enables seamless integration with heterogeneous storage environments.

The company’s flagship platform, FreeStor, delivers a vendor-agnostic storage virtualization layer that supports continuous data protection (CDP), snapshot management, replication and orchestration across on-premises, cloud and hybrid infrastructures.