Cyren (NASDAQ:CYRN) released its quarterly earnings data on Wednesday, November 13th. The technology company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01, Fidelity Earnings reports. Cyren had a negative return on equity of 68.95% and a negative net margin of 47.56%. The company had revenue of $9.50 million for the quarter, compared to the consensus estimate of $9.80 million.
Shares of Cyren stock opened at $1.35 on Friday. The stock has a market capitalization of $80.25 million, a P/E ratio of -4.36 and a beta of 0.29. Cyren has a 12-month low of $1.30 and a 12-month high of $3.00. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.49. The company has a 50-day simple moving average of $1.56 and a 200 day simple moving average of $1.63.
Several equities analysts recently commented on CYRN shares. B. Riley restated a “buy” rating and set a $3.00 target price on shares of Cyren in a research report on Friday, September 13th. ValuEngine upgraded Cyren from a “hold” rating to a “buy” rating in a research report on Wednesday, September 4th. Finally, Zacks Investment Research upgraded Cyren from a “hold” rating to a “buy” rating and set a $1.75 price objective for the company in a research note on Tuesday, November 19th.
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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