Last 1,159
Change Today +65.00 / 5.94%
Volume 68.7K
CTCH On Other Exchanges
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As of 10:24 AM 02/26/15 All times are local (Market data is delayed by at least 15 minutes).

cyren ltd (CTCH) Snapshot

Open
$1,094
Previous Close
$1,094
Day High
$1,174
Day Low
$1,122
52 Week High
03/4/14 - $1,409
52 Week Low
11/18/14 - $525.00
Market Cap
308.2M
Average Volume 10 Days
56.5K
EPS TTM
--
Shares Outstanding
26.6M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for CYREN LTD (CTCH)

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cyren ltd (CTCH) Details

CYREN Ltd., together with its subsidiaries, provides Internet security technology and cloud-based services in Israel, North America, Europe, Asia, and internationally. It offers messaging, antivirus, and Web security solutions. The company’s solutions include CYREN WebSecurity for cloud-based protection of its customer’s devices against Web-borne threats; GlobalView URL Filtering SDK that allows to combat Web threats with a URL categorization service through a global platform; and CYREN Embedded Antivirus, which blocks malware of various types, including worms, Trojans, and spyware. It also provides CYREN EmailSecurity that frees inboxes of spam, viruses, and phishing threats without blocking important business messages; and Outbound Anti-Spam, which neutralizes spam attacks emanating from within cause irreparable damage to business and network reputation and customer confidence. The company sells its products through third party distribution channels. CYREN Ltd. offers its solutions to OEM and service provider distribution partners, including network and security vendors offering content security gateways, unified threat management solutions, network appliances, and antivirus solutions, as well as service providers, such as software-as-a-service vendors, Web hosting providers, and Internet service providers. The company was formerly known as Commtouch Software Ltd. and changed its name to CYREN Ltd. in January 2014. CYREN Ltd. was founded in 1991 and is headquartered in Herzliya, Israel.

Founded in 1991

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cyren ltd (CTCH) Key Developments

CYREN Announces Consolidated Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

CYREN announced consolidated unaudited earnings results for the fourth quarter and full year ended December 31, 2014. Revenues in accordance with U.S. Generally Accepted Accounting Principles (US GAAP) totaled $7.8 million for the fourth quarter of 2014 compared to $8.2 million in the fourth quarter of 2013. Non-GAAP revenues totaled $7.9 million for the fourth quarter of 2014 compared to $8.4 million in the fourth quarter of 2013. GAAP net loss for the fourth quarter of 2014 was $2.2 million compared to a net loss of $7.0 million in the fourth quarter of 2013. GAAP loss per basic and diluted share for the fourth quarter of 2014 was $0.07, compared to a loss of $0.26 in the fourth quarter of 2013. Non-GAAP net loss for the fourth quarter 2014 was $1.4 million compared to a loss of $1.9 million in the fourth quarter of 2013. Non-GAAP loss per basic and diluted share for the fourth quarter 2014 was $0.04, compared to a loss of $0.07 in fourth quarter of 2013. Operating loss was $2.064 million against income of $0.127 million a year ago. Net loss before taxes was $2.239 million against $1.552 million a year ago. Non-GAAP operating loss was $1.257 million against $2.028 million a year ago. Net cash used in operating activities was $1.548 million against $0.224 million a year ago. Purchase of property and equipment was $0.068 million against $0.397 million a year ago. Full year 2014 revenues totaled $31.9 million as compared to $32.2 million in 2013. Full year 2014 non-GAAP revenues totaled $32.1 million compared to $32.8 million in 2013. The difference between non-GAAP and GAAP revenue is derived from the fact that deferred revenues consolidated from acquired companies are recorded based on fair value rather than book value for GAAP purposes. Full year 2014 GAAP net loss totaled $7.0 million compared to a GAAP net loss of $9.9 million in 2013. Full year 2014 GAAP loss per basic share and diluted share was $0.25 compared to a loss of $0.38 in 2013. Full year 2014 non-GAAP net loss totaled $4.5 million compared to a loss of $1.3 million in 2013. Full year 2014 non-GAAP loss per basic share was $0.16 compared to non-GAAP net loss per diluted share of $0.05 in 2013. Operating loss was $6.525 million against $2.107 million a year ago. Net loss before taxes was $7.212 million against $4.651 million a year ago. Non-GAAP operating loss was $3.700 million against $1.045 million a year ago. Net cash used in operating activities was $3.661 million against net cash provided by operating activities of $0.116 million a year ago. Purchase of property and equipment was $0.771 million against $2.053 million a year ago.

KBSL Information Technologies Limited Enters into A Partnership with CYREN

CYREN announced that KBSL Information Technologies Limited joined CYREN's growing network of global partners offering the cloud-based CYREN WebSecurity solution. CYREN WebSecurity arms KBSL with the ability to immediately address the fast-paced growth of the Security as a Service (SecaaS) market through premier cloud-based cybersecurity and zero-hour threat protection. Providing a powerful, yet convenient approach to security for KBSL's customers, CYREN WebSecurity greatly reduces both the complexity and cost of managing security in workforce.

CYREN Ltd. Signs Distribution Deal with ALSO Deutschland GmbH

CYREN announced that ALSO Deutschland GmbH now distributes the cloud-based CYREN WebSecurity solution. CYREN WebSecurity provides end-user organizations with the industry's most robust cloud-based cybersecurity that effortlessly protects devices and data regardless of type or location. Offered through a Security as a Service (SecaaS) deployment model, CYREN WebSecurity quickly addresses traditional web protection needs while also accommodating remote and roaming workforces through safe and secure Internet use.

 

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