CYREN Ltd. (NASDAQ:CYRN) was upgraded by research analysts at ValuEngine from a “sell” rating to a “hold” rating in a report released on Wednesday.
CYREN (CYRN) opened at $2.40 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 1.33. CYREN has a 1-year low of $1.35 and a 1-year high of $2.55.
CYREN (NASDAQ:CYRN) last announced its quarterly earnings results on Monday, November 13th. The technology company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.03). CYREN had a negative net margin of 34.30% and a negative return on equity of 36.87%. The firm had revenue of $7.60 million for the quarter, compared to analyst estimates of $7.90 million. During the same period last year, the firm posted ($0.02) EPS. The business’s revenue was down 3.8% compared to the same quarter last year. equities research analysts expect that CYREN will post -0.23 EPS for the current fiscal year.
TRADEMARK VIOLATION WARNING: This report was first published by Week Herald and is owned by of Week Herald. If you are accessing this report on another site, it was illegally stolen and republished in violation of international copyright laws. The original version of this report can be read at https://weekherald.com/2017/11/15/valuengine-upgrades-cyren-ltd-cyrn-to-hold.html.
A number of hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC lifted its holdings in CYREN by 1.4% in the first quarter. Renaissance Technologies LLC now owns 602,833 shares of the technology company’s stock worth $1,206,000 after purchasing an additional 8,400 shares during the period. Penn Capital Management Co. Inc. lifted its holdings in CYREN by 1.1% in the second quarter. Penn Capital Management Co. Inc. now owns 1,091,484 shares of the technology company’s stock worth $2,238,000 after purchasing an additional 12,313 shares during the period. Geller Family Office Services LLC acquired a new stake in CYREN in the third quarter worth about $507,000. Finally, Tuttle Tactical Management LLC acquired a new stake in CYREN in the second quarter worth about $1,092,000. 26.13% of the stock is owned by institutional investors and hedge funds.
CYREN Company Profile
CYREN Ltd. (CYREN) 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.
Receive News & Ratings for CYREN Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CYREN Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.