Cyren Trading Down 2.9% on Disappointing Earnings (CYRN)
Shares of Cyren (NASDAQ:CYRN) traded down 2.9% on Tuesday after the company announced weaker than expected quarterly earnings, Stock Ratings Network.com reports. The company traded as low as $2.22 and last traded at $2.31, with a volume of 94,218 shares trading hands. The stock had previously closed at $2.38.
The company reported ($0.04) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.03) by $0.01. The company had revenue of $8.30 million for the quarter, compared to the consensus estimate of $8.10 million. The company’s quarterly revenue was up 2.5% on a year-over-year basis.
The stock has a 50-day moving average of $2.5 and a 200-day moving average of $3.16. The company’s market cap is $61.8 million.
Cyren Ltd, formerly Commtouch Software Ltd., is a provider of messaging, antivirus and Web security solutions to a range of customers and original equipment manufacturer (NASDAQ:CYRN) and service provider distribution partners.
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