FalconStor Software (OTCMKTS:FALC) Releases Quarterly Earnings Results

FalconStor Software (OTCMKTS:FALC) announced its earnings results on Wednesday. The software maker reported $0.03 earnings per share for the quarter, reports. The company had revenue of $2.93 million during the quarter. FalconStor Software had a net margin of 14.90% and a negative return on equity of 9.90%.

FalconStor Software Price Performance

Shares of OTCMKTS:FALC opened at $1.73 on Friday. The business’s 50-day moving average is $1.39 and its 200 day moving average is $1.69. FalconStor Software has a 1 year low of $0.70 and a 1 year high of $2.60. The firm has a market capitalization of $12.34 million, a P/E ratio of -43.20 and a beta of 2.16.

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.