CYREN (CYRN) Misses Q4 EPS by 2c

CYREN (NASDAQ: CYRN) reported Q4 EPS of ($0.05), $0.02 worse than the analyst estimate of ($0.03). Revenue for the quarter came in at $8.1 million versus the consensus estimate of $8.18 million.

"Cyren closed out 2016 on a very positive note, delivering its sixth straight quarter of revenue growth, which was up 14% year over year," said Lior Samuelson, CEO and Chairman of the Board at Cyren. "For the year, we finished with $31 million in revenue, including a significant milestone for our Enterprise Security as a Service business which contributed more than 10% of overall revenue. While the embedded Threat Intelligence Services business continues to generate the majority of our revenue and cash flow, our Cyren Cloud Security services – including EmailSecurity and WebSecurity – are very well positioned as the growth engine for the future."

For earnings history and earnings-related data on CYREN (CYRN) click here.

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