Cyren (CYRN) Rating Lowered to Sell at ValuEngine

Cyren (NASDAQ:CYRN) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

Cyren (NASDAQ CYRN) traded down $0.01 during 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 debt-to-equity ratio of 0.24, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a market cap of $119.86, a P/E ratio of -7.97 and a beta of 1.01. Cyren has a 52 week low of $1.35 and a 52 week high of $2.55.

Cyren (NASDAQ:CYRN) last posted its quarterly earnings results 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 company had revenue of $7.60 million during the quarter, compared to analysts’ expectations of $7.90 million. Cyren had a negative return on equity of 38.38% and a negative net margin of 34.47%. The business’s quarterly revenue was down 3.8% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.02) EPS. research analysts predict that Cyren will post -0.29 earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of CYRN. Penn Capital Management Co. Inc. boosted its stake in Cyren by 1.1% during the 2nd quarter. Penn Capital Management Co. Inc. now owns 1,091,484 shares of the technology company’s stock valued at $2,238,000 after purchasing an additional 12,313 shares during the last quarter. Geller Family Office Services LLC purchased a new stake in Cyren during the 3rd quarter valued at $507,000. Finally, Belpointe Asset Management LLC purchased a new stake in Cyren during the 3rd quarter valued at $906,000. Institutional investors own 22.56% of the company’s stock.

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About Cyren

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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