Cyan announces CFO change, forecasts strong Q1

|By:, SA News Editor

Cyan (CYNI) CFO Mike Zellner has resigned for personal reasons, effective immediately. Jeff Ross,  who in the past has been the CFO of mobile ad firm Velti (filed for bankruptcy last year) and SAP-acquired Sybase, is replacing him.

Cyan also says its Q1 revenue will be "at or above the high end" of a $16M-$18M guidance range; the consensus is currently at $16.9M.

The CFO change and positive Q1 pre-announcement follows multiple earnings disappointments.

Shares are halted.