FalconStor Software (OTCMKTS:FALC) Issues Earnings Results

FalconStor Software (OTCMKTS:FALC) released its quarterly earnings results on Wednesday. The software maker reported ($0.04) earnings per share (EPS) for the quarter, Zacks reports. FalconStor Software had a negative return on equity of 8.94% and a net margin of 13.98%.

FalconStor Software Trading Down 15.8 %

FALC stock traded down $0.30 during trading on Wednesday, hitting $1.60. The company had a trading volume of 211 shares, compared to its average volume of 1,501. The business has a 50 day moving average of $1.77 and a 200 day moving average of $1.56. The firm has a market capitalization of $11.43 million, a price-to-earnings ratio of -40.00 and a beta of 2.10. FalconStor Software has a fifty-two week low of $1.05 and a fifty-two week high of $2.60.

FalconStor Software Company Profile

FalconStor Software, Inc, a storage software company, enables enterprise customers and managed service providers to secure, migrate, and protect their data worldwide. It offers FalconStor Virtual Tape Library, a software that emulates and replaces cumbersome physical tape libraries for archive related data preservation without being replacing their enterprise backup and archive software and associated processes; FalconStor StorSafe, a long-term archive data management software; FalconStor Continuous Data Protector delivers instant data availability, and reliable recovery; and FalconStor Network Storage Server for data storage virtualization and business continuity in heterogeneous environments.