Somewhat Favorable Press Coverage Somewhat Unlikely to Impact FalconStor Software (FALC) Share Price
News headlines about FalconStor Software (NASDAQ:FALC) have been trending somewhat positive on Thursday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. FalconStor Software earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave media coverage about the software maker an impact score of 45.6050592635571 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Separately, ValuEngine raised shares of FalconStor Software from a “sell” rating to a “hold” rating in a research note on Monday.
FalconStor Software (NASDAQ:FALC) opened at 0.57 on Thursday. The company’s 50-day moving average is $0.30 and its 200 day moving average is $0.32. FalconStor Software has a 52 week low of $0.14 and a 52 week high of $1.10. The company’s market capitalization is $25.40 million.
FalconStor Software (NASDAQ:FALC) last issued its earnings results on Thursday, August 10th. The software maker reported ($0.02) earnings per share for the quarter. The business had revenue of $6.73 million during the quarter. On average, analysts forecast that FalconStor Software will post ($0.18) EPS for the current fiscal year.
In other FalconStor Software news, major shareholder Esw Capital, Llc bought 1,382,884 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was acquired at an average price of $0.37 per share, with a total value of $511,667.08. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 23.40% of the stock is currently owned by insiders.
About FalconStor Software
FalconStor Software, Inc is a Software-Defined Storage (SDS) company offering a converged data services software platform. The Company’s platform FreeStor, allows information technology (IT) organizations minimize and eliminate that complexity with the delivery of migration, continuity, protection, recovery and optimization for any storage environment through a management interface for a price based on managed capacity across arrays, servers, hypervisors, data centers, and the cloud.
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