CYREN (CYRN) Misses Q4 EPS by 1c
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Cyren Reports Fourth Quarter and Full Year 2017 Financial Results
February 14, 2018 6:00 AM ESTMCLEAN, Va., Feb. 14, 2018 /PRNewswire/ --Â Cyren (NASDAQ: CYRN) today announced its fourth quarter and full year 2017 financial results for the period ending December 31, 2017.
During the fourth quarter Cyren received a $19.6 million private placement, priced at $1.85 per share, from Warburg Pincus, a leading global private equity firm focused on growth investing. This was subsequently followed by a tender offer to purchase additional shares at $2.50 per share, which was completed in December, resulting in Warburg Pincus becoming the majority shareholder in Cyren... More
