Cyren (NASDAQ:CYRN) Shares Up 7.1%

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Cyren Ltd (NASDAQ:CYRN) shot up 7.1% during trading on Wednesday . The stock traded as high as $1.80 and last traded at $1.80, 199,125 shares traded hands during trading. An increase of 550% from the average session volume of 30,625 shares. The stock had previously closed at $1.68.

Several research firms have recently commented on CYRN. B. Riley reiterated a “buy” rating and set a $3.00 price target on shares of Cyren in a report on Friday, September 13th. ValuEngine upgraded Cyren from a “hold” rating to a “buy” rating in a report on Wednesday, September 4th.

The firm has a market capitalization of $96.21 million, a price-to-earnings ratio of -5.69 and a beta of 0.30. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.42. The stock has a 50-day moving average price of $1.58 and a 200 day moving average price of $1.84.

Cyren (NASDAQ:CYRN) last announced its quarterly earnings data on Wednesday, August 14th. The technology company reported ($0.08) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.08). Cyren had a negative return on equity of 58.56% and a negative net margin of 49.81%. The business had revenue of $9.71 million during the quarter, compared to the consensus estimate of $9.70 million. As a group, equities analysts forecast that Cyren Ltd will post -0.31 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in CYRN. White Pine Capital LLC lifted its stake in Cyren by 33.2% during the second quarter. White Pine Capital LLC now owns 689,480 shares of the technology company’s stock worth $1,193,000 after purchasing an additional 171,680 shares during the last quarter. BlackRock Inc. purchased a new stake in Cyren in the second quarter valued at approximately $25,000. Renaissance Technologies LLC lifted its stake in Cyren by 1.0% in the second quarter. Renaissance Technologies LLC now owns 648,763 shares of the technology company’s stock valued at $1,122,000 after buying an additional 6,130 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its stake in Cyren by 27.5% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,055,936 shares of the technology company’s stock valued at $1,827,000 after buying an additional 228,037 shares during the last quarter. Finally, Belpointe Asset Management LLC lifted its stake in Cyren by 7.7% in the first quarter. Belpointe Asset Management LLC now owns 463,750 shares of the technology company’s stock valued at $1,006,000 after buying an additional 33,250 shares during the last quarter. 56.89% of the stock is owned by institutional investors and hedge funds.

About Cyren (NASDAQ:CYRN)

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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