Cyren
Cyren (CYRN) got here out with a quarterly lack of $0.06 per share versus the Zacks Consensus Estimate of a lack of $0.05. This compares to lack of $0.07 per share a 12 months in the past. These figures are adjusted for non-recurring objects.
This quarterly report represents an earnings shock of -20%. 1 / 4 in the past, it was anticipated that this web safety providers supplier would put up a lack of $0.07 per share when it really produced a lack of $0.06, delivering a shock of 14.29%.
Over the past 4 quarters, the corporate has surpassed consensus EPS estimates simply as soon as.
Cyren, which belongs to the Zacks Web – Software program business, posted revenues of $9.53 million for the quarter ended December 2019, lacking the Zacks Consensus Estimate by 3.75%. This compares to year-ago revenues of $9.51 million. The corporate has topped consensus income estimates simply as soon as over the past 4 quarters.
The sustainability of the inventory’s fast worth motion based mostly on the recently-released numbers and future earnings expectations will principally rely on administration’s commentary on the earnings name.
Cyren shares have misplaced about 51% because the starting of the 12 months versus the S&P 500’s decline of -24.3%.
What’s Subsequent for Cyren?
Whereas Cyren has underperformed the market to date this 12 months, the query that involves buyers’ minds is: what’s subsequent for the inventory?
There are not any straightforward solutions to this key query, however one dependable measure that may assist buyers deal with that is the corporate’s earnings outlook. Not solely does this embody present consensus earnings expectations for the approaching quarter(s), but additionally how these expectations have modified currently.
Empirical analysis exhibits a robust correlation between near-term inventory actions and tendencies in earnings estimate revisions. Buyers can observe such revisions by themselves or depend on a tried-and-tested score device just like the Zacks Rank, which has a powerful observe file of harnessing the facility of earnings estimate revisions.
Forward of this earnings launch, the estimate revisions pattern for Cyren was blended. Whereas the magnitude and course of estimate revisions might change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #3 (Maintain) for the inventory. So, the shares are anticipated to carry out in step with the market within the close to future. You’ll be able to see the whole checklist of right now’s Zacks #1 Rank (Sturdy Purchase) shares right here.
It is going to be attention-grabbing to see how estimates for the approaching quarters and present fiscal 12 months change within the days forward. The present consensus EPS estimate is -$0.04 on $10.30 million in revenues for the approaching quarter and -$0.17 on $43.30 million in revenues for the present fiscal 12 months.
Buyers must be aware of the truth that the outlook for the business can have a cloth impression on the efficiency of the inventory as effectively. When it comes to the Zacks Trade Rank, Web – Software program is at the moment within the prime 35% of the 250 plus Zacks industries. Our analysis exhibits that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.