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.

ILLEGAL ACTIVITY NOTICE: This article was first published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this article on another domain, it was illegally stolen and reposted in violation of international copyright laws. The original version of this article can be accessed at https://www.dispatchtribunal.com/2018/01/11/cyren-cyrn-rating-lowered-to-sell-at-valuengine.html.

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.

Receive News & Ratings for Cyren Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cyren and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply