TheStreet cut shares of Cyren (NASDAQ:CYRN) from a hold rating to a sell rating in a research note issued to investors on Thursday.
TheStreet has also updated their ratings on a number of other information technology stocks in the last week. The firm upgraded shares of Petrobras Argentina SA from a hold rating to a buy rating. Also, TheStreet upgraded shares of Enersis SA from a sell rating to a buy rating.
Shares of Cyren (NASDAQ:CYRN) opened at 2.50 on Thursday. Cyren has a 1-year low of $1.40 and a 1-year high of $3.57. The stock’s 50-day moving average is $3. and its 200-day moving average is $2.. The company’s market cap is $78.56 million.
Cyren (NASDAQ:CYRN) last issued its quarterly earnings data on Tuesday, May 26th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by $0.01. The company had revenue of $7.00 million for the quarter, compared to the consensus estimate of $8.10 million. During the same quarter in the previous year, the company posted ($0.08) earnings per share. The company’s revenue for the quarter was down 13.6% on a year-over-year basis.
Cyren Ltd. (NASDAQ:CYRN) 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.
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