Lisa Thompson
Growth at reasonable price, research analyst, tech, small-cap

CYREN: If New Cybersecurity Products Gain Traction, Stock Could Double

Q1 Continues with Investment; Results Expected in 2015

2014 will be a transition year as CYREN (NASDAQ:CYRN) has embarked on a process to transform the company from low margin OEM business, to higher margin by selling direct to the end-user. It launched its first cloud-based platform product "CYREN WebSecurity' in January and is building distribution and rolling out supporting data centers now. Other new products are also on their way. This transition should take all of 2014, as resellers and distributors come on board, train staff and sign end-users. Using a SaaS model, revenues will be slow to ramp. CYREN believes that meaningful revenues will not be in evidence until 2015 and expects revenue growth for the company

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