News stories about FalconStor Software (NASDAQ:FALC) have been trending somewhat positive recently, according to Accern Sentiment. The research group scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. FalconStor Software earned a coverage optimism score of 0.08 on Accern’s scale. Accern also assigned news coverage about the software maker an impact score of 46.0656869553054 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Separately, ValuEngine raised shares of FalconStor Software from a “sell” rating to a “hold” rating in a research report on Monday, September 11th.
Shares of FalconStor Software (FALC) traded down 0.1639% during mid-day trading on Thursday, hitting $0.2437. 26,107 shares of the stock were exchanged. The stock’s 50 day moving average is $0.33 and its 200-day moving average is $0.30. The stock’s market cap is $10.86 million. FalconStor Software has a 12 month low of $0.14 and a 12 month high of $1.02.
FalconStor Software (NASDAQ:FALC) last issued its quarterly earnings results on Thursday, August 10th. The software maker reported ($0.02) earnings per share for the quarter. The firm had revenue of $6.73 million during the quarter. On average, analysts anticipate that FalconStor Software will post ($0.18) EPS for the current year.
In other FalconStor Software news, major shareholder Esw Capital, Llc purchased 1,382,884 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The shares were acquired at an average price of $0.37 per share, for a total transaction of $511,667.08. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 23.40% of the stock is currently owned by insiders.
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FalconStor Software Company Profile
FalconStor Software, Inc is a Software-Defined Storage (SDS) company offering a converged data services software platform. The Company’s platform FreeStor, allows information technology (IT) organizations minimize and eliminate that complexity with the delivery of migration, continuity, protection, recovery and optimization for any storage environment through a management interface for a price based on managed capacity across arrays, servers, hypervisors, data centers, and the cloud.
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