Analyst Rating Update on CYREN Ltd. By Glenn Ca
Post# of 22756
Analyst Rating Update on CYREN Ltd.
By Glenn Carroll -
Aug 6, 2015
As many as 1 brokerage firms have rated CYREN Ltd. (NASDAQ:CYRN) at 1. Research Analysts at Zacks have ranked the company at 3, suggesting the traders with a rating of hold for the short term. 1 analysts rated the company as a strong buy.
Shares of CYREN Ltd. (NASDAQ:CYRN) ended Thursday session in red amid volatile trading. The shares closed down 0.4 points or 19.51% at $1.65 with 425,063 shares getting traded. Post opening the session at $1.84, the shares hit an intraday low of $1.64 and an intraday high of $1.95 and the price vacillated in this range throughout the day. The company has a market cap of $58 million and the number of outstanding shares have been calculated to be 34,895,000 shares. The 52-week high of CYREN Ltd. (NASDAQ:CYRN) is $3.57 and the 52-week low is $1.4001.
The company shares have dropped 10.09% in the past 52 Weeks. On May 14, 2015 The shares registered one year high of $3.57 and one year low was seen on November 10, 2014 at $1.4. The 50-day moving average is $1.98 and the 200 day moving average is recorded at $2.58. S&P 500 has rallied 9.96% during the last 52-weeks.
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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