Cyren (NASDAQ:CYRN) Issues Earnings Results – Riverton Roll

Cyren (NASDAQ:CYRN) released its earnings results on Wednesday, November 13th. The technology company reported ($0.06) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.07) by $0.01, Fidelity Earnings reports. The firm had revenue of $9.50 million during the quarter, compared to analyst estimates of $9.80 million. Cyren had a negative return on equity of 68.95% and a negative net margin of 47.56%.

Shares of NASDAQ:CYRN opened at $1.35 on Friday. Cyren has a 1 year low of $1.30 and a 1 year high of $3.00. The stock has a market capitalization of $80.08 million, a P/E ratio of -4.35 and a beta of 0.29. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a 50-day simple moving average of $1.56 and a 200-day simple moving average of $1.63.

Several brokerages recently commented on CYRN. ValuEngine raised shares of Cyren from a hold rating to a buy rating in a research report on Wednesday, September 4th. B. Riley reissued a buy rating and set a $3.00 price objective on shares of Cyren in a research note on Friday, September 13th. Finally, Zacks Investment Research raised Cyren from a hold rating to a buy rating and set a $1.75 target price on the stock in a research report on Tuesday, November 19th.

About Cyren

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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Cyren (NASDAQ:CYRN) Issues Earnings Results - Riverton Roll

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