FalconStor Software (OTCMKTS:FALC) Announces Earnings Results

FalconStor Software (OTCMKTS:FALC) posted its quarterly earnings results on Wednesday. The software maker reported ($0.08) earnings per share (EPS) for the quarter, Zacks reports. FalconStor Software had a negative return on equity of 11.53% and a net margin of 18.06%.

FalconStor Software Trading Up 0.5%

FALC stock traded up $0.01 during trading on Wednesday, reaching $2.48. 1,189 shares of the stock were exchanged, compared to its average volume of 5,333. FalconStor Software has a twelve month low of $0.90 and a twelve month high of $3.30. The company has a market capitalization of $17.73 million, a P/E ratio of 19.08 and a beta of 0.42. The stock has a 50 day simple moving average of $2.64 and a 200-day simple moving average of $2.32.

About FalconStor Software

FalconStor Software, Inc is a provider of enterprise data protection and storage virtualization solutions designed to help organizations manage, protect and recover their critical data. The company’s offerings focus on reducing the complexity and cost of backup, replication and disaster recovery through software-defined storage technologies. By abstracting physical storage resources and automating data movement, FalconStor enables seamless integration with heterogeneous storage environments.

The company’s flagship platform, FreeStor, delivers a vendor-agnostic storage virtualization layer that supports continuous data protection (CDP), snapshot management, replication and orchestration across on-premises, cloud and hybrid infrastructures.