Cyren (CYRN) Announces Quarterly Earnings Results, Misses Estimates By $0.04 EPS

Cyren (NASDAQ:CYRN) announced its earnings results on Wednesday. The technology company reported ($0.12) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.04), Morningstar.com reports. Cyren had a negative net margin of 34.47% and a negative return on equity of 38.38%.

Shares of Cyren (NASDAQ:CYRN) traded up $0.06 on Wednesday, reaching $2.14. 9,000 shares of the company’s stock traded hands, compared to its average volume of 18,758. The firm has a market capitalization of $103.71, a P/E ratio of -7.93 and a beta of 0.92. Cyren has a 52 week low of $1.35 and a 52 week high of $2.55. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.24.

Separately, ValuEngine upgraded shares of Cyren from a “sell” rating to a “hold” rating in a research note on Wednesday, November 15th.

A number of institutional investors and hedge funds have recently made changes to their positions in CYRN. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Cyren in the fourth quarter valued at approximately $2,057,000. Belpointe Asset Management LLC acquired a new stake in Cyren in the third quarter valued at approximately $906,000. Geller Family Office Services LLC acquired a new stake in Cyren in the third quarter valued at approximately $507,000. Finally, White Pine Capital LLC boosted its stake in Cyren by 112.2% in the fourth quarter. White Pine Capital LLC now owns 212,150 shares of the technology company’s stock valued at $530,000 after acquiring an additional 112,150 shares in the last quarter. Institutional investors own 24.07% of the company’s stock.

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About Cyren

Cyren Ltd 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.

Earnings History for Cyren (NASDAQ:CYRN)

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