FalconStor Software (OTCMKTS:FALC) Releases Quarterly Earnings Results

FalconStor Software (OTCMKTS:FALC) announced its quarterly earnings data on Wednesday. The software maker reported ($0.04) EPS for the quarter, Zacks reports. FalconStor Software had a net margin of 13.98% and a negative return on equity of 8.94%. The company had revenue of $2.84 million during the quarter.

FalconStor Software Stock Performance

OTCMKTS FALC opened at $1.50 on Friday. FalconStor Software has a fifty-two week low of $1.05 and a fifty-two week high of $2.60. The firm has a market capitalization of $10.72 million, a P/E ratio of -37.50 and a beta of 2.10. The stock has a 50-day simple moving average of $1.76 and a two-hundred day simple moving average of $1.56.

About FalconStor Software

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.