FalconStor Software (OTCMKTS:FALC) Releases Earnings Results

FalconStor Software (OTCMKTS:FALC) announced its earnings results on Wednesday. The software maker reported ($0.04) earnings per share for the quarter, Zacks reports. FalconStor Software had a negative return on equity of 8.94% and a net margin of 13.98%. The firm had revenue of $2.84 million for the quarter.

FalconStor Software Price Performance

Shares of FalconStor Software stock opened at $1.50 on Friday. The stock’s 50-day moving average is $1.76 and its 200 day moving average is $1.56. The firm has a market cap of $10.72 million, a price-to-earnings ratio of -37.50 and a beta of 2.10. FalconStor Software has a one year low of $1.05 and a one year high of $2.60.

FalconStor Software Company Profile

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.