News articles about FalconStor Software (NASDAQ:FALC) have trended somewhat positive on Sunday, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. FalconStor Software earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned news stories about the software maker an impact score of 45.8798070565708 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Shares of FalconStor Software (NASDAQ FALC) opened at 0.41 on Friday. FalconStor Software has a one year low of $0.14 and a one year high of $1.10. The company’s 50 day moving average price is $0.32 and its 200 day moving average price is $0.33. The firm’s market capitalization is $18.27 million.
FalconStor Software (NASDAQ:FALC) last released its quarterly earnings results on Thursday, August 10th. The software maker reported ($0.02) earnings per share for the quarter. The company had revenue of $6.73 million during the quarter. On average, analysts expect that FalconStor Software will post ($0.18) EPS for the current fiscal year.
Separately, ValuEngine raised FalconStor Software from a “sell” rating to a “hold” rating in a report on Monday, September 11th.
In other news, major shareholder Esw Capital, Llc acquired 1,382,884 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The shares were purchased at an average cost of $0.37 per share, for a total transaction of $511,667.08. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 23.40% of the stock is currently owned by company insiders.
About FalconStor Software
FalconStor Software, Inc is a Software-Defined Storage (SDS) company offering a converged data services software platform. The Company’s platform FreeStor, allows information technology (IT) organizations minimize and eliminate that complexity with the delivery of migration, continuity, protection, recovery and optimization for any storage environment through a management interface for a price based on managed capacity across arrays, servers, hypervisors, data centers, and the cloud.
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