FalconStor Software (OTCMKTS:FALC) Announces Quarterly Earnings Results

FalconStor Software (OTCMKTS:FALC) issued its 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 Stock Down 15.8 %

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

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.