Cyan (CYNI) Releases Quarterly Earnings, Beats Estimates By $0.05 EPS
Cyan (NASDAQ:CYNI) posted its quarterly earnings results on Monday. The company reported ($0.25) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.30) by $0.05, American Banking & Market News reports. The company had revenue of $21.00 million for the quarter, compared to the consensus estimate of $21.88 million.
Cyan (NASDAQ:CYNI) traded up 2.74% on Monday, hitting $3.75. The stock had a trading volume of 195,054 shares. Cyan has a 52 week low of $3.18 and a 52 week high of $10.42. The stock’s 50-day moving average is $3.94 and its 200-day moving average is $3.89. The company’s market cap is $175.4 million.
Cyan, Inc has carrier-grade networking solutions that transform legacy networks into open, high-performance networks.
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