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

Research analysts at StockNews.com initiated coverage on shares of Cyren (NASDAQ:CYRNGet Rating) in a research report issued to clients and investors on Monday. The brokerage set a “hold” rating on the technology company’s stock.

Cyren Trading Up 2.2 %

CYRN opened at $0.93 on Monday. Cyren has a 52 week low of $0.88 and a 52 week high of $13.87. The stock’s fifty day moving average is $1.10 and its two-hundred day moving average is $1.60. The company has a market capitalization of $7.24 million, a P/E ratio of -0.17 and a beta of 0.62. The company has a quick ratio of 1.35, a current ratio of 1.29 and a debt-to-equity ratio of 2.30.

Hedge Funds Weigh In On Cyren

Several hedge funds and other institutional investors have recently bought and sold shares of CYRN. Virtu Financial LLC acquired a new position in Cyren in the first quarter valued at approximately $59,000. Millennium Management LLC purchased a new position in shares of Cyren in the second quarter valued at approximately $48,000. Jane Street Group LLC acquired a new stake in Cyren in the 1st quarter valued at about $426,000. Finally, Nantahala Capital Management LLC purchased a new stake in shares of Cyren in the third quarter valued at about $139,000. 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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