FalconStor Software (OTCMKTS:FALC – Get Free Report) announced its earnings results on Tuesday. The software maker reported ($0.02) earnings per share (EPS) for the quarter, Zacks reports. FalconStor Software had a net margin of 18.93% and a negative return on equity of 12.83%.
FalconStor Software Stock Up 12.3%
Shares of FALC traded up $0.16 during mid-day trading on Tuesday, hitting $1.46. 7,803 shares of the company traded hands, compared to its average volume of 5,057. FalconStor Software has a 1-year low of $0.90 and a 1-year high of $3.30. The company has a market capitalization of $10.45 million, a PE ratio of 9.13 and a beta of 0.48. The business has a 50 day moving average of $1.66 and a 200 day moving average of $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.
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