Shares of Cyren Ltd (NASDAQ:CYRN) have received an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Analysts have set a 12-month consensus target price of $3.00 for the company, according to Zacks. Zacks has also given Cyren an industry rank of 170 out of 265 based on the ratings given to related companies.
Separately, ValuEngine lowered shares of Cyren from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Cyren in the fourth quarter valued at approximately $2,057,000. Belpointe Asset Management LLC purchased a new position in Cyren in the third quarter valued at approximately $906,000. White Pine Capital LLC raised its holdings in Cyren by 112.2% in the fourth quarter. White Pine Capital LLC now owns 212,150 shares of the technology company’s stock valued at $530,000 after buying an additional 112,150 shares during the period. Delek Group Ltd. purchased a new position in Cyren in the fourth quarter valued at approximately $204,000. Finally, Meitav Dash Investments Ltd. purchased a new position in Cyren in the fourth quarter valued at approximately $959,000. Hedge funds and other institutional investors own 66.73% of the company’s stock.
Shares of CYRN stock opened at $2.35 on Thursday. Cyren has a 1-year low of $1.35 and a 1-year high of $2.60. The company has a current ratio of 2.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.24.
Cyren (NASDAQ:CYRN) last announced its quarterly earnings data on Wednesday, February 14th. The technology company reported ($0.12) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.04). The company had revenue of $7.52 million for the quarter, compared to analysts’ expectations of $7.71 million. Cyren had a negative return on equity of 44.48% and a negative net margin of 53.03%.
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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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