OverviewSuggest Edit

Cyren is a SaaS provider of integrated cloud-based security technology solutions that mitigate cyber threats, malware attacks, information leaks, legal liability and productivity loss through the application of cyber intelligence. The Company delivers security services to a range of customers and original equipment manufacturer, and service provider distribution partners, including network and security vendors offering content security gateways, unified threat management solutions and antivirus solutions, and to service providers, such as SaaSe vendors, Web hosting providers and Internet service providers.

TypePublic
Founded1991
HQTysons, US
Websitecyren.com
Employee Ratings3.9

Latest Updates

Employees (est.) (Dec 2018)248(+4%)
Job Openings8
Revenue (FY, 2018)$35.9 M(+17%)
Share Price (Dec 2019)$1.4 (-2%)

Key People/Management at Cyren

Lior Samuelson

Lior Samuelson

Chairman of the Board and Chief Executive Officer
Michael Myshrall

Michael Myshrall

CFO
Lior Kohavi

Lior Kohavi

Chief Technology Officer
Eric Spindel

Eric Spindel

General Counsel and Corporate Secretary
Ben Carmi

Ben Carmi

Senior Vice President, Products
Mickey Dipietro

Mickey Dipietro

Vice President of Sales, North America
Show more

Cyren Office Locations

Cyren has offices in Tysons, Austin, Greenfield, Sunnyvale and in 4 other locations
Tysons, US (HQ)
1430 Spring Hill Rd #330
Austin, US
10801 N Mopac Expy #130
Greenfield, US
Greenfield, IN 46140, USA
Sunnyvale, US
1230 Midas Way #110
Berlin, DE
2 Hardenbergplatz
Hafnarfjordur, IS
Dalshraun 3
Show all (8)

Cyren Financials and Metrics

Cyren Revenue

Embed Graph
View revenue for all periods
Cyren's revenue was reported to be $35.90 m in FY, 2018
USD

Revenue (Q3, 2019)

9.5m

Gross profit (Q3, 2019)

5.8m

Gross profit margin (Q3, 2019), %

60.9%

Net income (Q3, 2019)

(3.5m)

EBIT (Q3, 2019)

(3.2m)

Market capitalization (2-Dec-2019)

81.3m

Closing stock price (2-Dec-2019)

1.4

Cash (30-Sept-2019)

9.5m

EV

89.7m
Cyren's current market capitalization is $81.3 m.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

23.0m23.9m32.2m31.9m27.8m31.0m30.8m35.9m

Revenue growth, %

(13%)12%

Cost of goods sold

4.1m4.4m7.2m8.1m8.3m10.0m11.9m25.0k

Gross profit

18.9m19.6m25.0m23.8m19.4m20.9m18.9m35.9m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019

Revenue

9.7m9.7m9.5m

Cost of goods sold

6.0k3.8m3.7m

Gross profit

9.6m5.9m5.8m

Gross profit Margin, %

100%61%61%
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

20.9m5.1m3.8m11.1m16.4m10.6m24.0m17.6m

Accounts Receivable

2.8m6.0m5.2m4.4m3.8m3.1m2.9m3.7m

Prepaid Expenses

463.0k1.5m2.0m1.0m949.0k918.0k1.3m778.0k

Current Assets

26.2m14.9m11.0m16.5m21.2m14.6m28.2m22.9m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019

Cash

12.4m12.4m9.5m

Accounts Receivable

3.0m3.0m3.5m

Prepaid Expenses

1.5m1.5m1.3m

Current Assets

17.8m17.9m15.3m
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

4.6m1.5m(9.9m)(7.0m)(4.8m)(6.2m)(15.6m)(19.4m)

Depreciation and Amortization

545.0k560.0k2.9m3.0m2.9m4.1m5.0m6.0m

Accounts Payable

17.0k300.0k(248.0k)(542.0k)(110.0k)124.0k36.0k264.0k

Cash From Operating Activities

6.7m(347.0k)116.0k(3.7m)(1.8m)2.4m(7.2m)(11.5m)
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019

Net Income

(4.6m)(9.1m)(12.7m)

Depreciation and Amortization

461.0k936.0k1.4m

Accounts Payable

(405.0k)(823.0k)(264.0k)

Cash From Operating Activities

(1.3m)(547.0k)(2.3m)
USDY, 2019

EV/EBIT

-27.7 x

EV/CFO

-39.7 x

Financial Leverage

3 x
Show all financial metrics

Cyren Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
eleven GmbHNovember 15, 2012
FRISK Software InternationalOctober 01, 2012
AuthentiumJuly 26, 2010$8 m
WingtraNovember 01, 2002

Cyren Revenue Breakdown

Embed Graph

Cyren revenue breakdown by geographic segment: 16.9% from Europe (other than Germany), 9.1% from Israel, 23.2% from Germany, 8.7% from Asia, 41.7% from United States and 0.3% from Other

Cyren Online and Social Media Presence

Embed Graph

Cyren News and Updates

Cyren Names Mindgrape as New Distributor for the Nordics

MCLEAN, Va., May 13, 2019 /PRNewswire/ -- Cyren (NASDAQ: CYRN) today announced a strategic distribution agreement with Mindgrape, a value added distributor of IT software security and management solutions for the Nordic region. Through the agreement, Mindgrape will distribute Cyren's...

Cyren Recognized in 2019 CRN Partner Program Guide

MCLEAN, Va., April 18, 2019 /PRNewswire/ -- Cyren (NASDAQ: CYRN), a leader in cloud security, today announced its recognition in The Channel Company's 2019 CRN Partner Program Guide. The annual guide identifies the top channel partner programs in the industry today. Designed to be simple, ...

Cyren Schedules Fourth Quarter and Full Year 2018 Earnings Release for Wednesday, February 13, 2019

MCLEAN, Va., Jan. 29, 2019 /PRNewswire/ -- Cyren (NASDAQ: CYRN) today announced it will release its fourth quarter and full year 2018 results on Wednesday, February 13, 2019 before U.S. markets open. The company will also host a conference call at 10 a.m. Eastern Time (5 p.m. Israel Time) ...

Cyren Announces Voluntary Delisting from the Tel Aviv Stock Exchange

MCLEAN, Va., Jan. 10, 2019 /PRNewswire/ -- Cyren (NASDAQ: CYRN), a leader in cloud security, today announced that it is voluntarily delisting the company's ordinary shares from trading on the Tel Aviv Stock Exchange (TASE). Consequently, Cyren intends to apply to the TASE and request that ...

Cyren Announces $10 Million Note Offering

MCLEAN, Va., Nov. 15, 2018 /PRNewswire/ -- Cyren (NASDAQ: CYRN) announced today that it has entered into a subscription agreement with an existing minority investor for the purchase of $10 million aggregate principal amount of convertible notes in a private placement. The notes will be...

Cyren Announces Third Quarter 2018 Financial Results

MCLEAN, Va., Nov. 14, 2018 /PRNewswire/ -- Cyren (NASDAQ: CYRN) today announced its third quarter 2018 financial results for the period ending September 30, 2018. During the third quarter, Cyren reported quarterly revenues of $9.6 million – an increase of 26% over the third quarter of...
Show more

Cyren Blogs

Cyren Announces CEO Transition Plan

Lior Samuelson will assist in CEO transition and continue as Chairman of the Board MCLEAN, Va. , Feb. 20, 2019 /PRNewswire/ --  Cyren (NASDAQ: CYRN) announced today that Lior Samuelson , Chairman and Chief Executive Officer, intends to step down as CEO after transitioning his responsibilities to a

Cyren Reports Fourth Quarter and Full Year 2018 Financial Results

Full year 2018 revenue grew 17% while fourth quarter revenue was up 26% year-over-year MCLEAN, Va. , Feb. 13, 2019 /PRNewswire/ --  Cyren (NASDAQ: CYRN) today announced its fourth quarter and full year 2018 financial results for the period ending December 31 , 2018.   During the fourth quarter,

Cyren Integrates Additional Web Security Into Microsoft's Windows Defender Advanced Threat Protection (ATP)

Latest partnership agreement between Cyren and Microsoft will allow enterprise customers to better secure Windows endpoints against web-based threats directly from Windows Defender ATP MCLEAN, Va. , Jan. 30, 2019 /PRNewswire/ --   Cyren  (NASDAQ: CYRN) announced today that it will partner with

Boris Bogod

Boris Bogod Mike.Myshrall@… Mon, 10/29/2018 - 15:11 Boris Bogod Vice President, Cloud Operations Boris is responsible for the infrastructure and operation of Cyren’s global security cloud. He brings to the task over 20 years of experience deploying, managing and o…

Cyren Web Security Wins Second Consecutive CyberSecurity Breakthrough Award

Cyren Web Security Wins Second Consecutive CyberSecurity Breakthrough Award Content Import Wed, 09/26/2018 - 08:05 Cyren Web Security Wins Second Consecutive CyberSecurity Breakthrough Award September 26, 2018 at 8:00 AM EDT This release is a backfill from a N…

Cyren Frequently Asked Questions

  • When was Cyren founded?

    Cyren was founded in 1991.

  • Who are Cyren key executives?

    Cyren's key executives are Lior Samuelson, Michael Myshrall and Lior Kohavi.

  • How many employees does Cyren have?

    Cyren has 248 employees.

  • What is Cyren revenue?

    Latest Cyren annual revenue is $35.9 m.

  • What is Cyren revenue per employee?

    Latest Cyren revenue per employee is $144.8 k.

  • Who are Cyren competitors?

    Competitors of Cyren include Validian, enSilo and Agari.

  • Where is Cyren headquarters?

    Cyren headquarters is located at 1430 Spring Hill Rd #330, Tysons.

  • Where are Cyren offices?

    Cyren has offices in Tysons, Austin, Greenfield, Sunnyvale and in 4 other locations.

  • How many offices does Cyren have?

    Cyren has 8 offices.