FalconStor Software (OTCMKTS:FALC) Releases Quarterly Earnings Results

FalconStor Software (OTCMKTS:FALC) issued its quarterly earnings results on Wednesday. The software maker reported $0.03 earnings per share (EPS) for the quarter, reports. The firm had revenue of $2.93 million during the quarter. FalconStor Software had a negative return on equity of 9.90% and a net margin of 14.90%.

FalconStor Software Stock Down 6.6 %

FALC opened at $1.73 on Friday. The stock’s fifty day moving average is $1.39 and its two-hundred day moving average is $1.69. The company has a market capitalization of $12.34 million, a P/E ratio of -43.20 and a beta of 2.16. FalconStor Software has a 52 week low of $0.70 and a 52 week high of $2.60.

About FalconStor Software

FalconStor Software, Inc, a storage software company, enables enterprise customers and managed service providers to secure, migrate, and protect their data worldwide. It offers FalconStor Virtual Tape Library, a software that emulates and replaces cumbersome physical tape libraries for archive related data preservation without being replacing their enterprise backup and archive software and associated processes; FalconStor StorSafe, a long-term archive data management software; FalconStor Continuous Data Protector delivers instant data availability, and reliable recovery; and FalconStor Network Storage Server for data storage virtualization and business continuity in heterogeneous environments.