Cyren Ltd (CYRN) Releases Earnings Results, Misses Expectations By $-0.02 EPS

Cyren Ltd (CYRN) reported quarterly earnings results on Tuesday, May-17-2016. The company reported $-0.05 earnings per share for the quarter, missing the analyst consensus estimate by $-0.02. Analysts had a consensus of $-0.03. The company posted revenue of $7.40 million in the period, compared to analysts expectations of $7.34 million. The company’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.03 EPS.

Cyren Ltd opened for trading at $1.78 and hit $2.02 on the upside on Monday, eventually ending the session at $1.7699, with a gain of 1.72% or 0.0299 points. The heightened volatility saw the trading volume jump to 6,16,289 shares. Company has a market cap of $69 M.

Cyren Ltd. (CYREN) is engaged in information security solutions for protecting web email and mobile transactions. The Company is a service provider of integrated cloud-based security technology providing solutions that mitigate external and internal threats including modern cyber-threats advanced malware attacks information leaks legal liability and productivity loss through global data detection prevention and intelligence. It delivers security services and detection technologies designed to protect end users from virus phishing and malware attacks across all their devices wherever end users are. The CYREN GlobalView cloud security platform leverages Recurrent Pattern Detection technologies to protect more than 550 million users in 190 countries. The CYREN portfolio of services is grouped into solution suites: Web Email and AntiMalware.

Cyren Ltd

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