FalconStor Software (OTCMKTS:FALC) Releases Quarterly Earnings Results

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

FalconStor Software Price Performance

Shares of FALC traded down $0.30 during midday trading on Wednesday, hitting $1.60. The stock had a trading volume of 211 shares, compared to its average volume of 1,501. The stock’s 50 day moving average is $1.77 and its 200 day moving average is $1.56. The firm has a market cap of $11.43 million, a PE ratio of -40.00 and a beta of 2.10. FalconStor Software has a 1 year low of $1.05 and a 1 year high of $2.60.

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.