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