FalconStor Software (OTCMKTS:FALC) Issues Earnings Results

FalconStor Software (OTCMKTS:FALC) released its quarterly earnings results on Wednesday. The software maker reported $0.19 EPS for the quarter, Zacks reports. FalconStor Software had a negative return on equity of 2.03% and a negative net margin of 2.69%.The company had revenue of $3.31 million for the quarter.

FalconStor Software Price Performance

Shares of OTCMKTS:FALC opened at $1.75 on Thursday. FalconStor Software has a 1-year low of $0.90 and a 1-year high of $2.79. The stock has a market cap of $12.51 million, a P/E ratio of -6.25 and a beta of 0.55. The firm has a fifty day moving average price of $1.49 and a 200 day moving average price of $1.59.

About FalconStor Software

FalconStor Software, Inc is a provider of enterprise data protection and storage virtualization solutions designed to help organizations manage, protect and recover their critical data. The company’s offerings focus on reducing the complexity and cost of backup, replication and disaster recovery through software-defined storage technologies. By abstracting physical storage resources and automating data movement, FalconStor enables seamless integration with heterogeneous storage environments.

The company’s flagship platform, FreeStor, delivers a vendor-agnostic storage virtualization layer that supports continuous data protection (CDP), snapshot management, replication and orchestration across on-premises, cloud and hybrid infrastructures.