ValuEngine Upgrades CYREN Ltd. (CYRN) to Hold

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.

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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.

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