FalconStor Software (OTCMKTS:FALC) Releases Earnings Results

FalconStor Software (OTCMKTS:FALC) posted its quarterly earnings results on Tuesday. The software maker reported ($0.02) earnings per share (EPS) for the quarter, Zacks reports. FalconStor Software had a negative return on equity of 12.83% and a net margin of 18.93%.

FalconStor Software Trading Up 12.3%

Shares of FALC stock opened at $1.46 on Wednesday. FalconStor Software has a 12-month low of $0.90 and a 12-month high of $3.30. The stock has a market capitalization of $10.44 million, a P/E ratio of 9.13 and a beta of 0.48. The firm’s 50 day moving average is $1.66 and its 200 day moving average is $2.11.

About FalconStor Software

FalconStor Software, Inc. develops software designed to help organizations protect, manage and recover business data. Its solutions have focused on data protection, backup and disaster recovery, storage virtualization, and business continuity for physical, virtual and cloud environments. The company has offered products and platforms supporting centralized backup management, continuous data protection, replication, storage resource management and recovery operations. FalconStor’s technologies are intended to help businesses reduce data loss, improve system availability and simplify the administration of heterogeneous storage infrastructures.