ValuEngine downgraded shares of Cyren (NASDAQ:CYRN) from a hold rating to a sell rating in a research report released on Tuesday.

Cyren (CYRN) traded up $0.06 during mid-day trading on Tuesday, reaching $2.45. The company had a trading volume of 8,900 shares, compared to its average volume of 17,063. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.24. Cyren has a 12 month low of $1.35 and a 12 month high of $2.55. The firm has a market cap of $119.61, a PE ratio of -8.17 and a beta of 1.01.

Cyren (NASDAQ:CYRN) last posted its quarterly earnings data on Monday, November 13th. The technology company reported ($0.09) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.03). Cyren had a negative return on equity of 38.38% and a negative net margin of 34.47%. The firm had revenue of $7.60 million during the quarter, compared to analyst estimates of $7.90 million. During the same quarter in the previous year, the firm posted ($0.02) earnings per share. The company’s quarterly revenue was down 3.8% on a year-over-year basis. equities research analysts anticipate that Cyren will post -0.29 earnings per share for the current fiscal year.

Several institutional investors have recently modified their holdings of the company. Penn Capital Management Co. Inc. boosted its holdings in shares of Cyren by 1.1% during the 2nd quarter. Penn Capital Management Co. Inc. now owns 1,091,484 shares of the technology company’s stock worth $2,238,000 after purchasing an additional 12,313 shares during the last quarter. Geller Family Office Services LLC acquired a new position in shares of Cyren during the 3rd quarter worth approximately $507,000. Finally, Belpointe Asset Management LLC acquired a new position in shares of Cyren during the 3rd quarter worth approximately $906,000. Institutional investors and hedge funds own 22.56% of the company’s stock.

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About Cyren

Cyren Ltd 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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