Cyren (NASDAQ:CYRN) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Cyren (NASDAQ:CYRNGet Rating) in a research report report published on Monday morning. The firm issued a hold rating on the technology company’s stock.

Cyren Stock Performance

Shares of CYRN stock opened at $0.89 on Monday. The company has a market capitalization of $6.92 million, a P/E ratio of -0.17 and a beta of 0.62. The business’s 50 day moving average is $1.07 and its two-hundred day moving average is $1.57. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.30. Cyren has a 12-month low of $0.86 and a 12-month high of $13.87.

Hedge Funds Weigh In On Cyren

Hedge funds have recently made changes to their positions in the company. Millennium Management LLC acquired a new stake in shares of Cyren in the second quarter valued at approximately $48,000. Virtu Financial LLC purchased a new position in shares of Cyren during the first quarter worth $59,000. Nantahala Capital Management LLC purchased a new position in shares of Cyren during the third quarter worth $139,000. Finally, Jane Street Group LLC purchased a new position in Cyren in the first quarter valued at $426,000. Institutional investors and hedge funds own 21.47% of the company’s stock.

Cyren Company Profile

(Get Rating)

Cyren Ltd., together with its subsidiaries, provides cloud delivered Software-as-a-Service (SaaS) cybersecurity solutions that protect businesses, their employees, and customers against threats from email, files, and the web. It provides Cyren threat detection services, which include email security engine that offers anti-spam inbound and outbound, IP reputation, and virus outbreak detection services; malware detection engine that is used to protect email applications; Web security engine, which is used by customers to provide URL classification for web browser filtering and safe search capabilities; and threat analysis services to detect advanced cyber threats.

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