Shares of CYREN Ltd. (NASDAQ:CYRN) reached a new 52-week low during trading on Monday . The stock traded as low as $1.55 and last traded at $1.55, with a volume of 29,052 shares traded. The stock had previously closed at $1.65.
A number of equities analysts have recently issued reports on the stock. TheStreet downgraded shares of CYREN from a “c-” rating to a “d” rating in a report on Wednesday, May 17th. ValuEngine downgraded shares of CYREN from a “hold” rating to a “sell” rating in a report on Thursday, May 18th.
The firm’s market capitalization is $66.69 million. The firm’s 50-day moving average is $1.83 and its 200-day moving average is $2.01.
CYREN (NASDAQ:CYRN) last issued its earnings results on Wednesday, August 16th. The technology company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by $0.02. The business had revenue of $7.80 million during the quarter, compared to analyst estimates of $8.13 million. CYREN had a negative net margin of 25.73% and a negative return on equity of 27.40%. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. Analysts anticipate that CYREN Ltd. will post ($0.23) earnings per share for the current fiscal year.
Large investors have recently made changes to their positions in the stock. Renaissance Technologies LLC boosted its stake in shares of CYREN by 0.8% in the fourth quarter. Renaissance Technologies LLC now owns 594,433 shares of the technology company’s stock valued at $1,278,000 after buying an additional 4,700 shares during the last quarter. Tuttle Tactical Management LLC bought a new stake in shares of CYREN during the second quarter worth about $1,092,000. Finally, Penn Capital Management Co. Inc. boosted its stake in shares of CYREN by 1.1% in the second quarter. Penn Capital Management Co. Inc. now owns 1,091,484 shares of the technology company’s stock worth $2,238,000 after buying an additional 12,313 shares during the last quarter. 25.18% of the stock is owned by institutional investors and hedge funds.
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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