FalconStor Software (OTCMKTS:FALC) Posts Quarterly Earnings Results

FalconStor Software (OTCMKTS:FALC) announced its quarterly earnings data on Wednesday. The software maker reported ($0.08) EPS for the quarter, Zacks reports. FalconStor Software had a net margin of 18.93% and a negative return on equity of 12.76%. The business had revenue of $2.63 million during the quarter.

FalconStor Software Stock Down 33.5%

Shares of FALC traded down $0.83 during mid-day trading on Friday, hitting $1.65. The company had a trading volume of 6,334 shares, compared to its average volume of 5,450. FalconStor Software has a 1-year low of $0.90 and a 1-year high of $3.30. The business’s 50-day simple moving average is $2.61 and its 200-day simple moving average is $2.33. The stock has a market cap of $11.80 million, a PE ratio of 10.31 and a beta of 0.42.

About FalconStor Software

FalconStor Software, Inc is a provider of enterprise data protection and storage virtualization solutions designed to help organizations manage, protect and recover their critical data. The company’s offerings focus on reducing the complexity and cost of backup, replication and disaster recovery through software-defined storage technologies. By abstracting physical storage resources and automating data movement, FalconStor enables seamless integration with heterogeneous storage environments.

The company’s flagship platform, FreeStor, delivers a vendor-agnostic storage virtualization layer that supports continuous data protection (CDP), snapshot management, replication and orchestration across on-premises, cloud and hybrid infrastructures.