CYREN Ltd. (NASDAQ:CYRN) is reporting third quarter earnings results on Monday 16th November 2020, after market close.
The consensus estimates from Thomson Reuters are loss of $ 0.07 per share.
For the full year, analysts predict revenues of $ 36.90 million, while looking forward to loss of $ 0.24 per share.
Previous Quarter Performance
CYREN Ltd. came out with loss for the second quarter of $ 0.06 per share, from the revenue of $ 9.18 million. The consensus estimates are loss of $ 0.05 per share from $ 9.52 million in revenue. The bottom line results missed street analysts by $ 0.01 or 20 percent, at the same time, top line results fell short of analysts by $ 0.34 million or 3.57 percent.
Stock Performance
On Friday, shares of CYREN Ltd. has traded high as $ 1.04 and has cracked $ 0.99 on the downward trend, reaching $ 1.00 with volume of 6.80 thousand shares.
According to the previous trading day, closing price of $ 1.00, representing a 229.03 % increase from the 52 week low of $ 0.31 and a 48.22 % decrease over the 52 week high of $ 1.97.
The company has a market capital of $ 60.41 million and is part of the Technology sector and Software – Infrastructure industry.
Conference Call
CYREN Ltd. will be hosting a conference call at 4:30 PM eastern time on 16th November 2020, to discuss its 3Q20 financial results with the investment community. The participants may dial, 1-877-407-0312 U.S. or 1-201-389-0899 Outside U.S. in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website www.cyren.com
CYREN Ltd., together with its subsidiaries, provides information security solutions for protecting Web, email, and mobile transactions in the United States, Europe, the Asia Pacific, Israel, and internationally. The company operates Cyren Cloud Security, a SaaS security platform, which provides Internet security services, including Web Security that provides the enforcement of Web policy and state-of-the-art threat protection for business users; DNS Security, which allows businesses to protect employees at headquarters, visitors in remote offices, customers at retail stores, or students on a campus; Email Security, a cloud-based secure email gateway; and Cloud Sandboxing that protects businesses against breaches and data loss from threats. It also operates Cyren Threat Intelligence Services, a platform that offers cloud-based cyber threat detection APIs and SDKs to technology and security vendors.
