FalconStor Software (OTCMKTS:FALC) Announces Earnings Results

FalconStor Software (OTCMKTS:FALC) announced its earnings results on Wednesday. The software maker reported ($0.04) earnings per share (EPS) for the quarter, Zacks reports. FalconStor Software had a negative return on equity of 8.94% and a net margin of 13.98%.

FalconStor Software Stock Down 15.8 %

Shares of OTCMKTS:FALC opened at $1.60 on Thursday. The company’s 50 day moving average price is $1.76 and its two-hundred day moving average price is $1.56. FalconStor Software has a 12-month low of $1.05 and a 12-month high of $2.60. The firm has a market cap of $11.43 million, a PE ratio of -40.00 and a beta of 2.10.

FalconStor Software Company Profile

FalconStor Software, Inc, a storage software company, enables enterprise customers and managed service providers to secure, migrate, and protect their data worldwide. It offers FalconStor Virtual Tape Library, a software that emulates and replaces cumbersome physical tape libraries for archive related data preservation without being replacing their enterprise backup and archive software and associated processes; FalconStor StorSafe, a long-term archive data management software; FalconStor Continuous Data Protector delivers instant data availability, and reliable recovery; and FalconStor Network Storage Server for data storage virtualization and business continuity in heterogeneous environments.