Cyren Ltd. (CYRN) Shares Gap Up to $2.44
Cyren Ltd. (NASDAQ:CYRN) gapped up prior to trading on Friday . The stock had previously closed at $2.43, but opened at $2.44. Cyren shares last traded at $2.52, with a volume of 62,357 shares traded.
Separately, TheStreet upgraded Cyren from a “sell” rating to a “hold” rating in a report on Thursday.
The firm has a 50 day moving average of $2.08 and a 200-day moving average of $1.80. The firm’s market capitalization is $97.80 million.
Cyren (NASDAQ:CYRN) last announced its quarterly earnings data on Tuesday, May 17th. The company reported ($0.05) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by $0.02. During the same quarter last year, the firm earned ($0.03) EPS. The firm earned $7.40 million during the quarter, compared to analyst estimates of $7.39 million. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. On average, equities analysts forecast that Cyren Ltd. will post ($0.13) earnings per share for the current year.
CYREN Ltd. (CYREN) 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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