FalconStor Software (OTCMKTS:FALC) Posts Earnings Results

FalconStor Software (OTCMKTS:FALC) announced its earnings results on Wednesday. The software maker reported $0.19 earnings per share for the quarter, Zacks reports. The firm had revenue of $3.31 million for the quarter. FalconStor Software had a net margin of 11.07% and a negative return on equity of 5.89%.

FalconStor Software Stock Performance

Shares of FalconStor Software stock remained flat at $1.93 during trading hours on Friday. The stock had a trading volume of 57,685 shares, compared to its average volume of 221. FalconStor Software has a 1-year low of $0.90 and a 1-year high of $2.79. The company has a market capitalization of $13.80 million, a price-to-earnings ratio of -38.59 and a beta of 0.55. The firm has a 50-day moving average of $1.50 and a two-hundred day moving average 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.