FalconStor Software (OTCMKTS:FALC) Issues Earnings Results

FalconStor Software (OTCMKTS:FALC) posted its quarterly earnings data on Wednesday. The software maker reported $0.12 earnings per share (EPS) for the quarter, Zacks reports. FalconStor Software had a net margin of 18.06% and a negative return on equity of 11.30%.

FalconStor Software Stock Performance

Shares of OTCMKTS:FALC traded up $0.10 during midday trading on Friday, hitting $2.87. The company’s stock had a trading volume of 4,124 shares, compared to its average volume of 5,545. The business’s 50 day simple moving average is $2.28 and its 200 day simple moving average is $1.76. The company has a market cap of $20.52 million, a P/E ratio of 22.08 and a beta of 0.31. FalconStor Software has a 12-month low of $0.90 and a 12-month high of $3.25.

FalconStor Software Company Profile

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.