In yesterday’s Wall Street session, Cyren Ltd. (NASDAQ:CYRN) shares traded at $0.84, up 0.16% from the previous session.
As of this writing, 1 analysts cover Cyren Ltd. (NASDAQ:CYRN). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $30.00 and a low of $30.00, we find $30.00. Given the previous closing price of $0.84, this indicates a potential upside of 3471.43 percent. CYRN stock price is now 6.38% away from the 50-day moving average and -44.89% away from the 200-day moving average. The market capitalization of the company currently stands at $6.23M.
There are 0 analysts who have given it a hold rating, whereas 1 have given it a buy rating. Brokers who have rated the stock have averaged $30.00 as their price target over the next twelve months.
With the price target of $3, B. Riley FBR recently initiated with Buy rating for Cyren Ltd. (NASDAQ: CYRN).
In other news, Dunn Brian Joseph, General Counsel sold 1,907 shares of the company’s stock on Dec 15. The stock was sold for $1,220 at an average price of $0.64. Upon completion of the transaction, the General Counsel now directly owns 58,093 shares in the company, valued at $48798.12. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 16, VP Marketing Fleck Michael sold 1,510 shares of the business’s stock. A total of $2,929 was realized by selling the stock at an average price of $1.94. This leaves the insider owning 14,139 shares of the company worth $11876.76. Insiders disposed of 11,216 shares of company stock worth roughly $9421.44 over the past 1 year. A total of 11.70% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CYRN stock. A new stake in Cyren Ltd. shares was purchased by NANTAHALA CAPITAL MANAGEMENT, LLC during the first quarter worth $119,000. TWO SIGMA SECURITIES, LLC invested $10,000 in shares of CYRN during the first quarter. In the first quarter, JANE STREET GROUP, LLC acquired a new stake in Cyren Ltd. valued at approximately $9,000. In total, there are 15 active investors with 25.10% ownership of the company’s stock.
Tuesday morning saw Cyren Ltd. (NASDAQ: CYRN) opened at $0.8499. During the past 12 months, Cyren Ltd. has had a low of $0.49 and a high of $13.87. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 1.30, and a quick ratio of 1.30. The fifty day moving average price for CYRN is $0.7888 and a two-hundred day moving average price translates $1.5213 for the stock.
The latest earnings results from Cyren Ltd. (NASDAQ: CYRN) was released for Jun, 2022. According to the Software – Infrastructure Company, earnings per share came in at -$1.2, inline with analysts’ expectations of -$1.2. This compares to $0.08 EPS in the same period last year. The company reported revenue of $5.83 million for the quarter, compared to $5.62 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.88 percent. For the current quarter, analysts expect CYRN to generate $7.36M in revenue.
Cyren Ltd.(CYRN) Company Profile
Cyren Ltd., together with its subsidiaries, provides cloud delivered Software-as-a-Service (SaaS) cybersecurity solutions that protect businesses, their employees, and customers against threats from email, files, and the web. It provides Cyren threat detection services, which include email security engine that offers anti-spam inbound and outbound, IP reputation, and virus outbreak detection services; malware detection engine that is used to protect email applications; Web security engine, which is used by customers to provide URL classification for web browser filtering and safe search capabilities; and threat analysis services to detect advanced cyber threats. The company also provides Cyren threat intelligence data products, which include real-time phishing intelligence, malware file intelligence, IP reputation intelligence, malware URL intelligence, and Zombie host intelligence for threat detection, threat hunting, and incident response. In addition, it offers Cyren enterprise email security products, including Cyren Email Security, a cloud-based secure email gateway; and Cyren Inbox Security, an anti-phishing and remediation product for Microsoft 365. The company sells its products through direct and indirect channels, including distributors, value added resellers, and managed service providers to enterprise customers and original equipment manufacturers. It has operations in the United States, Germany, other European countries, the Asia Pacific, Israel, and internationally. The company was formerly known as Commtouch Software Ltd. and changed its name to Cyren Ltd. in January 2014. Cyren Ltd. was incorporated in 1991 and is based in Herzliya, Israel.