B. Riley Initiates Coverage on Cyren (NASDAQ:CYRN)

Research analysts at B. Riley started coverage on shares of Cyren (NASDAQ:CYRN) in a report released on Tuesday, June 25th, Marketbeat Ratings reports. The firm set a “buy” rating on the technology company’s stock. B. Riley also issued estimates for Cyren’s Q2 2019 earnings at ($0.08) EPS, Q3 2019 earnings at ($0.08) EPS, Q4 2019 earnings at ($0.08) EPS, FY2019 earnings at ($0.32) EPS and FY2020 earnings at ($0.21) EPS.

Separately, ValuEngine cut shares of Intersect ENT from a “buy” rating to a “hold” rating in a report on Monday, June 3rd.

Cyren stock traded up $0.05 during mid-day trading on Tuesday, reaching $1.67. 2,636 shares of the company’s stock traded hands, compared to its average volume of 30,629. The stock has a market capitalization of $91.00 million, a P/E ratio of -5.39 and a beta of 0.38. The firm’s 50 day moving average price is $1.71. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.40 and a current ratio of 1.40. Cyren has a 12-month low of $1.52 and a 12-month high of $3.79.

Cyren (NASDAQ:CYRN) last issued its earnings results on Wednesday, May 15th. The technology company reported ($0.08) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.08). Cyren had a negative net margin of 49.84% and a negative return on equity of 50.68%. The company had revenue of $9.66 million for the quarter. As a group, sell-side analysts forecast that Cyren will post -0.32 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in the business. White Pine Capital LLC lifted its position in shares of Cyren by 32.8% during the first quarter. White Pine Capital LLC now owns 517,800 shares of the technology company’s stock valued at $1,124,000 after buying an additional 127,900 shares during the last quarter. Belpointe Asset Management LLC raised its position in shares of Cyren by 7.7% in the 1st quarter. Belpointe Asset Management LLC now owns 463,750 shares of the technology company’s stock valued at $1,006,000 after purchasing an additional 33,250 shares during the last quarter. Deutsche Bank AG raised its position in shares of Cyren by 100.3% in the 4th quarter. Deutsche Bank AG now owns 62,500 shares of the technology company’s stock valued at $187,000 after purchasing an additional 31,300 shares during the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of Cyren in the 4th quarter valued at approximately $64,000. 56.96% of the stock is owned by institutional investors and hedge funds.

Cyren Company Profile

CYREN Ltd., together with its subsidiaries, provides information security solutions for protecting Web, email, and mobile transactions worldwide. 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.

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