Price Target Update on Cyren Ltd Mathew Donald ·
Post# of 22756
Mathew Donald · Feb 25th, 2015 ·
Cyren Ltd (NASDAQ:CYRN): 1 Analyst have given the stock of Cyren Ltd (NASDAQ:CYRN) a near short term price target of $4. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $0. The higher price target estimate is at $4 while the lower price estimates are fixed at $4.
Cyren Ltd (NASDAQ:CYRN) has shown a rise of 27.1% or 85,865 shares in the short positions. The bets have increased to 402,876 shares on January 30,2015 from 317,011 shares on January 15,2015. With respect to the floated shares, the shorts are 1.5%. The counters days to cover are calculated to be 2, using the standard per day volume of 181,147 shares.
Cyren Ltd (NASDAQ:CYRN) dipped 4.67% or 0.14 points in todays session. As soon as the trading commenced at $2.8, the bulls struggled to push up the stock price and the counter turned into sellers haven. The incessant selling pressure saw the stock collapse to a low of $2.56 before closing the day at $2.86. A total of 801,495 shares had exchanged hands till close. The previous session had ended at $3. The counter has a 52-week high of $4.1 and the market cap of the company is worth $90 million. The company has 31,361,000 outstanding shares.
Cyren Ltd, formerly Commtouch Software Ltd., is a provider of messaging, antivirus and Web security solutions to a range of customers and original equipment manufacturer (OEM) and service provider distribution partners. The Companys messaging solutions include anti-spam, Outbound Spam Protection for service providers, Zero-Hour virus outbreak protection and GlobalView Mail Reputation services, as well as Command Antivirus and GlobalView URL Filtering services. It offers its solutions to network and security vendors offering content security gateways, unified threat management solutions (UTM), network routers and appliances, anti-virus solutions and to service providers, such as software-as-a-service vendors, Web hosting providers and Internet service providers. On October 1, 2012, it purchased FRISK Software Internationals antivirus business. On November 16, 2012, the Company acquired eleven GmbH
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