Could CYREN Ltd. (CYRN) Go Down? The Stock Formed Wedge Down

CYREN Ltd. (NASDAQ:CYRN) Logo

The stock of CYREN Ltd. (CYRN) formed a down wedge with $1.97 target or 3.00 % below today’s $2.03 share price. The 8 months wedge indicates high risk for the $110.06M company. If the $1.97 price target is reached, the company will be worth $3.30M less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high.

The stock increased 1.50% or $0.03 during the last trading session, reaching $2.03. About 733 shares traded. CYREN Ltd. (NASDAQ:CYRN) has risen 3.56% since May 8, 2018 and is uptrending. It has underperformed by 0.81% the S&P500.

More notable recent CYREN Ltd. (NASDAQ:CYRN) news were published by: Seekingalpha.com which released: “CYREN: Record Bookings For Cybersecurity Products Point To Upcoming Growth – Seeking Alpha” on February 25, 2015, also Prnewswire.com with their article: “Cyren and Arrow Electronics Team to Deliver Cloud Security Solutions via Resellers throughout the United States and Canada – PR Newswire” published on August 06, 2018, Prnewswire.com published: “Warburg Pincus Successfully Completes Tender Offer for Ordinary Shares of Cyren Ltd. (NASDAQ: CYRN) – PR Newswire” on December 24, 2017. More interesting news about CYREN Ltd. (NASDAQ:CYRN) were released by: Nasdaq.com and their article: “NYSE Delists Yingli Green Energy: 3 Solar Stocks to Buy – Nasdaq” published on July 03, 2018 as well as Prnewswire.com‘s news article titled: “Cyren Appoints Brett Jackson as New CEO – PRNewswire” with publication date: April 24, 2019.

CYREN Ltd., together with its subsidiaries, provides information security solutions for protecting Web, email, and mobile transactions in the United States, Germany, Europe, Asia, Israel, and internationally. The company has market cap of $110.06 million. The firm offers CYREN WebSecurity, a solution for cloud protection of its customerÂ’s devices against Web-borne threats; CYREN EmailSecurity that frees inboxes of spam, malware, and phishing threats without blocking important business messages; and Cyber Intelligence Suite, which delivers protection from malicious IPÂ’s, phishing attacks, and malware outbreaks. It currently has negative earnings. It also provides CYREN Inbound AntiSpam that allows real-time blocking of spam and phishing in various languages or formats; CYREN Outbound AntiSpam to neutralize spam originating from within a customerÂ’s infrastructure; CYREN Embedded Antimalware, which provides protection against new and zero-hour threats; and Embedded URL Filtering Solutions to combat Web threats with a URL categorization service.

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