Cycurion, Inc. (NASDAQ:CYCU – Get Free Report) was the target of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 320,877 shares, a decrease of 69.6% from the April 30th total of 1,053,963 shares. Based on an average daily volume of 656,960 shares, the days-to-cover ratio is presently 0.5 days. Currently, 4.1% of the shares of the company are short sold.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on CYCU. Weiss Ratings cut Cycurion from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, May 22nd. Wall Street Zen upgraded shares of Cycurion from a “strong sell” rating to a “hold” rating in a research note on Saturday, May 23rd. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $7.00.
Cycurion Trading Up 1.9%
Cycurion (NASDAQ:CYCU – Get Free Report) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.47) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.83) by $0.36. Cycurion had a negative net margin of 108.49% and a negative return on equity of 123.25%. The business had revenue of $3.27 million for the quarter. As a group, equities research analysts anticipate that Cycurion will post -2.34 earnings per share for the current year.
Cycurion Company Profile
Cycurion is a global leading provider of Network Communications and Information Technology Security Solutions. Our mission is to develop and deliver world-class, cutting-edge solutions for our clients, regardless of size or complication, expressly optimizing your IT environment to meet the business need and to keep projects on track and on budget.
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