Cyren (CYRN) Rating Lowered to Sell at ValuEngine

Cyren (NASDAQ:CYRN) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a report issued on Tuesday.

Shares of Cyren (NASDAQ CYRN) traded down $0.01 during mid-day trading on Tuesday, hitting $2.39. The company had a trading volume of 4,600 shares, compared to its average volume of 18,229. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.24. Cyren has a twelve month low of $1.35 and a twelve month high of $2.55. The company has a market cap of $119.86, a P/E ratio of -7.97 and a beta of 1.01.

Cyren (NASDAQ:CYRN) last announced its quarterly earnings data on Monday, November 13th. The technology company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.03). The business had revenue of $7.60 million for the quarter, compared to the consensus estimate of $7.90 million. Cyren had a negative return on equity of 38.38% and a negative net margin of 34.47%. Cyren’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.02) earnings per share. analysts anticipate that Cyren will post -0.29 EPS for the current year.

A number of institutional investors have recently modified their holdings of the stock. Geller Family Office Services LLC purchased a new stake in shares of Cyren in the 3rd quarter worth approximately $507,000. Belpointe Asset Management LLC purchased a new stake in shares of Cyren in the 3rd quarter worth approximately $906,000. Finally, Penn Capital Management Co. Inc. grew its stake in shares of Cyren by 1.1% in the 2nd quarter. Penn Capital Management Co. Inc. now owns 1,091,484 shares of the technology company’s stock worth $2,238,000 after buying an additional 12,313 shares during the last quarter. Institutional investors and hedge funds own 22.56% of the company’s stock.

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Cyren Company Profile

Cyren Ltd 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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