Cyren (NASDAQ:CYRN) Stock Rating Lowered by Zacks Investment Research – Riverton Roll

Zacks Investment Research cut shares of Cyren (NASDAQ:CYRN) from a strong-buy rating to a hold rating in a report published on Tuesday morning, Zacks.com reports.

According to Zacks, Cyren Ltd. provides messaging, antivirus and Web security solutions. The Companys messaging solutions include anti-spam, Outbound Spam Protection for service providers, Zero-Hour virus outbreak protection and GlobalView Mail Reputation services, as well as Command Antivirus and GlobalView URL Filtering services. It offers its solutions to network and security vendors offering content security gateways, unified threat management solutions, network routers and appliances, anti-virus solutions and to service providers, such as software-as-a-service vendors, Web hosting providers and Internet service providers. Cyren Ltd., formerly known as Commtouch Software Ltd., is headquartered in Herzliya, Israel.

Cyren stock opened at $1.28 on Tuesday. The stock has a market capitalization of $75.93 million, a PE ratio of -4.13 and a beta of 0.28. Cyren has a twelve month low of $1.11 and a twelve month high of $2.79. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.49. The company has a 50 day moving average of $1.31 and a 200-day moving average of $1.54.

Cyren (NASDAQ:CYRN) last released its quarterly earnings results on Wednesday, November 13th. The technology company reported ($0.06) earnings per share for the quarter, beating the Thomson Reuters consensus estimate of ($0.07) by $0.01. The company had revenue of $9.50 million during the quarter, compared to analysts expectations of $9.80 million. Cyren had a negative net margin of 47.56% and a negative return on equity of 68.95%. Equities analysts anticipate that Cyren will post -0.3 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in CYRN. BlackRock Inc. acquired a new position in shares of Cyren in the second quarter valued at approximately $25,000. Renaissance Technologies LLC raised its position in Cyren by 1.0% during the second quarter. Renaissance Technologies LLC now owns 648,763 shares of the technology companys stock worth $1,122,000 after acquiring an additional 6,130 shares in the last quarter. Finally, White Pine Capital LLC raised its position in Cyren by 33.2% during the second quarter. White Pine Capital LLC now owns 689,480 shares of the technology companys stock worth $1,193,000 after acquiring an additional 171,680 shares in the last quarter. Institutional investors own 52.06% of the companys stock.

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) Stock Rating Lowered by Zacks Investment Research - Riverton Roll

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