CYRN - CYRN STOCK NEWS

Cyren (NASDAQ:CYRN) has partnered with Improving, a technology management and consulting firm, to enhance its cybersecurity offerings. This collaboration integrates Cyren's anti-phishing solution, Cyren Inbox Security, with Improving's IT services, targeting the rising phishing threats exacerbated by cloud adoption. The pilot deployment demonstrated high effectiveness and ease of use, allowing IT teams to focus on critical tasks. This partnership aims to empower businesses to modernize operations while ensuring robust protection against phishing attacks.

Cyren (NASDAQ:CYRN) announced that Towpath Credit Union has implemented Cyren Inbox Security to enhance its defense against phishing and fraud. Following a migration to Office 365, Towpath faced challenges with existing email security measures. The institution sought a solution that could not only improve detection rates but also engage users in recognizing potential threats. Director of IT Ed Schmuhl highlighted the effectiveness of Cyren's AI-powered tool in catching advanced threats and saving time on remediation tasks.

Cyren (NASDAQ:CYRN) reported Q2 2021 revenues of $7.6 million, down from $9.2 million in Q2 2020. The GAAP net loss increased to $5.6 million from $4.6 million year-over-year. The decline in revenue was mainly due to legacy services, but the company's new anti-phishing solution, Cyren Inbox Security, experienced a remarkable 240% growth in new and expansion ARR from Q1 2021. The cash and cash equivalents as of June 30, 2021, stood at $13.9 million. Management remains optimistic about continued growth in the enterprise segment.

Cyren (NASDAQ:CYRN) will release its second quarter 2021 results on August 16, 2021, after U.S. markets close. The company will host a conference call at 4:30 p.m. ET that same day. Interested parties can join via phone at 1-877-407-0312 for U.S. callers, or access the live webcast on Cyren's investor relations website.

For those unable to attend live, a replay will be available until August 30, 2021, through provided dial-in numbers.

Cyren (NASDAQ:CYRN) announced that Fluid Networks, a leading Managed IT Services Provider, has chosen Cyren Inbox Security (CIS) to enhance client protection against phishing attacks. After facing a phishing incident, Fluid Networks sought an effective solution with automated phishing detection and incident response to ensure profitability. They evaluated four solutions and selected CIS for its dedicated incident response, user engagement, ease of use, and cost-effectiveness. The deployment of CIS allows Fluid Networks to protect their customers efficiently and remain competitive in the growing cybersecurity landscape.

Cyren (NASDAQ:CYRN) reported Q1 2021 revenues of $8.8 million, down from $9.6 million in Q1 2020. The GAAP net loss widened to $4.2 million from $2.8 million year-over-year, attributed to lower revenues and higher R&D costs. Despite the decrease in revenue, management emphasized that the results align with expectations and attributed churn to legacy products. Cyren aims to establish a strong foothold in the anti-phishing market, particularly with its Cyren Inbox Security solution. As of March 31, 2021, cash reserves stood at $16.5 million, up from $9.3 million.

Cyren (NASDAQ:CYRN) will announce its first quarter 2021 results on May 17, 2021, after U.S. market close. A conference call will follow at 4:30 p.m. ET the same day, allowing investors to discuss the earnings report. Participants can join via various dial-in numbers or through a live webcast available on the investor relations section of Cyren's website. For those unable to attend live, a replay will be accessible until May 31, 2021.

Cyren (NASDAQ:CYRN) has joined the Palo Alto Networks Cortex XSOAR Marketplace, enhancing its position in the security orchestration field. This partnership introduces Threat InDepth, a new offering that provides early visibility into email-based threats such as phishing and malicious attachments. By leveraging Cyren's GlobalView™ Threat Intelligence Cloud, Threat InDepth helps analysts automate the security operations lifecycle, reducing metrics like mean-time-to-detect (MTTD) and mean-time-to-respond (MTTR). This collaboration aims to bolster security processes for shared customers.

Cyren (NASDAQ:CYRN) reported its Q4 and full-year 2020 financial results, with Q4 revenues at $8.4 million, a decline from $9.5 million in Q4 2019. Full-year revenues decreased to $36.4 million from $38.4 million in 2019, impacted by a $0.7 million contract restructuring. The company saw significant growth in its Cyren Inbox Security product, with Q4 revenues increasing 140% over Q3 2020. Despite a GAAP net loss of $5.0 million in Q4, an improvement from last year, cash balance decreased to $9.3 million by year-end. A registered direct offering raised $13.8 million post-quarter.