FalconStor Software (OTCMKTS:FALC) Posts Earnings Results

FalconStor Software (OTCMKTS:FALC) posted its earnings results on Wednesday. The software maker reported ($0.08) earnings per share for the quarter, Zacks reports. FalconStor Software had a negative return on equity of 11.53% and a net margin of 18.06%.

FalconStor Software Price Performance

OTCMKTS:FALC traded up $0.01 during midday trading on Wednesday, reaching $2.48. The stock had a trading volume of 1,189 shares, compared to its average volume of 5,333. The stock has a market capitalization of $17.73 million, a P/E ratio of 19.08 and a beta of 0.42. FalconStor Software has a 1-year low of $0.90 and a 1-year high of $3.30. The firm’s fifty day simple moving average is $2.64 and its 200-day simple moving average is $2.32.

About FalconStor Software

FalconStor Software, Inc is a provider of enterprise data protection and storage virtualization solutions designed to help organizations manage, protect and recover their critical data. The company’s offerings focus on reducing the complexity and cost of backup, replication and disaster recovery through software-defined storage technologies. By abstracting physical storage resources and automating data movement, FalconStor enables seamless integration with heterogeneous storage environments.

The company’s flagship platform, FreeStor, delivers a vendor-agnostic storage virtualization layer that supports continuous data protection (CDP), snapshot management, replication and orchestration across on-premises, cloud and hybrid infrastructures.