Cyren (NASDAQ:CYRN) announced its earnings results on Wednesday. The technology company reported ($0.06) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.01), MarketWatch Earnings reports. Cyren had a negative return on equity of 68.95% and a negative net margin of 47.56%.
CYRN opened at $0.78 on Thursday. The firm has a market capitalization of $37.19 million, a PE ratio of -2.42 and a beta of 0.48. Cyren has a twelve month low of $0.31 and a twelve month high of $2.34. The firm’s 50-day moving average price is $1.04 and its 200 day moving average price is $1.37. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.49.
In related news, VP Atif Ahmed sold 27,686 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $1.14, for a total transaction of $31,562.04. Following the completion of the sale, the vice president now owns 45,946 shares of the company’s stock, valued at approximately $52,378.44. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 54.21% of the stock is currently owned by corporate insiders.
Separately, Zacks Investment Research downgraded Cyren from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th.
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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