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Gerber converted nearly 6 mln warrants into shares.
Do you have any idea how many warrants are still outstandig?
Also a good sign is that the CEO said: We have taken out the equity transactions.
So no more dilution!
$DPW designs, manufactures and sells high-grade customized and off-the-shelf power system solutions
$CPST delivers microturbine-powered Uninterruptible Power Source (UPS) solutions that delivers the reliability and performance critical facilities require.
CPST should jump in the crypto mining bizz!
The flooding in Texas will be a major source of revenue in the coming months.
This company has so much hidden value... read this blog
Will Cyren make a big sound in security?
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Posted by Martin Veitch
on March 27 2017
Cyren is a modestly-sized company with an unusual trajectory but with attributes that could well make it worth watching. Shares in the company have been relatively flat for 16 (that’s right, sixteen) years, a huge stretch in a tech sector that is better known for sharp rises and falls. But recent changes at the US-headquartered firm with European and Israeli roots make it an interesting outlier in the hugely competitive information security space.
One of those changes is the arrival of chief technology officer Lior Kohavi, a 25-year veteran of the sector who I talked to recently about the company’s prospects. Kohavi argues Cyren is extremely undervalued relative to other security companies, considering its technology assets and investment in higher-growth areas. He explains it as a function of the firm running for a long time on a licensing stream, and the market not yet having caught up to the strategic changes. Despite its name, Cyren may not be big noise in security but it does have a remarkable line of companies that use its technology under the hood from Google (for Gmail) and Microsoft (for Office 365) to the likes of Dell, FireEye, Check Point, Symantec, Websense, McAfee and Netgear.
Last year Cyren changed tack by going direct to the corporate market with cloud-based web and email security and made the hires to back up its effort, alongside big-lever changes that tend to go with fast-growth companies rather than non-movers. Kovahi, for example, has worked at three companies that got acquired and Hesh Eassa, newly VP of Cloud Operations, is a Silicon Valley veteran with a growth pedigree including senior roles at WebEx, Macrovision, Qualys, Callidus and recently Zscaler. Those are switches that could finally move the needle on its NASDAQ stock ticker and market cap of a little over $82m at time of writing.
The long quiet period
Why is Cyren so little known when its customers are an A-to-Z of tech royalty?
“We never opened the kimono [on the new strategy] until 2017 but we’ll start to show more of that,” Kohavi says. “If it were a startup the valuation would be completely different. The past was a completely different company. Think of it like a startup: we’ve made a massive investment in R&D [and the change has been like driving down a] highway at 100kph while performing open heart surgery.”
Today, Cyren has over 220 staff, seven office locations, and the datacentres (19 in total) needed to see incoming threats, understand trends and protect customers via its cloud-based services that cover web, email and DNS security, and cloud sandboxing. The catalyst for the strategic change was the broader metamorphosis across cybersecurity.
“There’s a problem in the security space,” Kohavi says. “Companies spend more and more money but 99 per cent get hit. The current framework is to protect through security appliances, meaning you have an office connected to the internet and you protect through email security, IPS, IDS and firewall, but more and more of us are roaming and saving to the cloud, offices are becoming multi-location and so signatures and updates are ineffective.
“It’s a massive change, and traditional companies are under threat of going out of business if they don’t change with it. With corporate apps and data in the cloud, the perimeter has become dramatically more complex, fragmented and difficult to maintain secure. The only way to solve security in this new world is to move it to the cloud for massive real-time protection before it enters the organisation.”
This is where Cyren’s cloud protection comes in and helps explain why, after leaning on technology licensing for so long, Cyren wants to sell more directly to business customers. The move might be seen as risky but in enterprise software today, ‘frenemy’ relationships are part of the commercial realpolitik.
“Business is business,” says Kohavi. “They have choices but keep coming to us.”
Salesforce for security
Cyren’s ambition is to build a high-velocity sales platform with a subscription model that appeals to small, midsized and, eventually large enterprises, in the same way that Salesforce.com transformed CRM.
“It’s the only reason I’m there,” Kohavi says. “This one is completely different [to his previous startups] with the potential to be a real enterprise company.”
Marketing budget has been doubled and the onus today is on customer acquisition, he adds, saying he believes the market will be receptive to Cyren’s approach now that cloud security is better understood.
“Twenty years ago you went to a bank and said ‘why don’t you move your email out?’ and they’d think you were crazy. Today, 80 per cent have already done that.”
It’s a tough ask, however. A source familiar with Cyren said the steps to go from OEM to full stack player shouldn’t be underestimated.
“They’re an interesting crowd,” the source said. “They’ve worked out its very difficult to be a public company if you’re in the OEM business business… you’re the last in line in the food chain. It’s a real pivot: you can be good at engineering but the second wave is you have to have a go-to-market. There are shortcuts like working with channel partners but it’s a decade-long effort to build a brand and operations. The other challenge is you have to build a customer-facing organisation. You take all of those and they’d have to defy gravity - but I like them and they talk a good game.”
Kohavi says Cyren already protects 600 million users, a lot of them through partners obviously, but the company has the bandwidth to create a wide revenue stream. He points to rivals such as OpenDNS, acquired by Cisco for $635m and Zscaler with a valuation of over $1bn. By those lights, if Cyren can execute, that pancake-flat valuation could change.
With those big-name partners to point to, core technology in place, datacentres all over the world (about 40 per cent in EMEA and 40 per cent in the US) and recent hires, Cyren could be in a good place.
okay so there is an offering.. what price can we expect and why the hell didn't they raise money some months ago?
the product is oke, testing seems to proceed as planned... Kopp bought 80.000 shares in the beginning of september...but no clarity on the financing part. I think Kopp is giving them a loan.... he wants no dulition of his stake and certaintly not a toxic one. I think that fear has caused the collapse.
I will add today.
p.s. which april strike did you bought?
news will come...thats true... but with news coming, the testing nearly finished... one should expect a rise in price instead of this massive decline of 50% in 1,5 weeks. Kopp put a lot of money into it...just recently
So what could be brewing
- financing trouble?
- failure of the final test?
I'm still holding but want the CEO to give more direction
strange things going on...why doesn't Kopp support the share price with an offering maybey nearby?
I reached out to company with sme questions, hope they will act soon.
so buying calls is beter (cheaper) then buying the stock?
okay... I don't think that Ladenburg is shorting this stock because it didn't get the placement.... that means that everythinh they miss a placement...they screw a company.
Why are buying calls? The share price is so low..it is an option. Which series are you buying? Please explain
How do you view the recent decline? Strange isn't it because Kopp just increased his stake with 80k more shares?
Will they get a loan on the selling contract... from Kopp maybe?
we need to increase awareness.... but the company's PR has to improve also... a lot :)
big seller yesterday... are you giving up on me on this stock?
RD, what is so special to this company? Huge transactions costs at IB and a shitty website.... please inform me :)
Big buyers in NUIN...who's buying????
already tried that but no response... will call them today
Earnings last year were on 13 th of august. Some dividend would be nice ;)
tried contacting management but no reponse. Do you have other contact information than ir@nutra....?
no it was
@Ponzi_NL Eigenlijk zijn de seekingalpha artikelen uit 2014 ook gewoon nog toepasbaar. Toch bedankt voor de tip. Heb op 0,60 wat gekocht.
— dct (@dctdave) August 10, 2015
Nice article on NUIN on http://www.valuewalk.com/2015/08/nutrastar-fraud-or-not/
show it and buy some today ;) SOme one painted the tape yesterday...
time for them to get this stock moving.... super dividend would be okay too :)
What is the avg price that Richard Fearon bought his shares for? He's not in the green I guess..
On June 23, 2014 the company's Chief Executive Officer, Ms. Lianyuin Han, sold 300,000 of her shares to Accretive Capital Partners, LLC ("Accretive Capital"). The price was a previously negotiated $1.40 per share. All the shares are restricted for six months. This is similar to the original transaction of December 26, 2013 when Ms. Han sold 700,000 of her shares to Accretive Capital. Accretive Capital is a highly successful activist investor, targeting small undervalued public companies that are often take-private candidates.
What's the exact date? WOudl love to see some volume in this stock...or a buy back program :)
I'm still long NUIN.... the waiting and the lack of lquidity is sometimes irritating... lets hope the waiting will pay off soon :)
NUIN is getting worse by the day.... absolutely no volume. Send the CEO an email... still waiting for an answer....
I'm spreading the word ;)
I'm not selling NUIN because all of what RD is saying! It just takes patience and that is something many investors lack :)
NUIN needs to come forward with more PR, that will propel the share price. RD, you could do some PR work for them ;)
strong price action the last few days, time to break $1,-
we need more volume
just added another 9000 shares at 0.73
i just bought 15.000 shares @ 0.7280...lets see if we can push this one into fair value territory :)
Share price road map:
end of april: 14.50
end of may: 16.00
end of june: 18.00
end of july: 20.00
end of august: 20.00
end of september: 21.00
and then the sprint due to the listing in Oslo
end of december: 30.00
Agree?
I take a big stake in this compamy, with metal prices rebouding, the new business, everything is falling into its place. Also nice TA charts and this will boosts this stock in the coming weeks!
added another 1000 @13.70, total long 8.000, avg price 11.25
take a look at AMCO, a net net company, trades at a PE of 3!!!!
Just bought an extra 1000 shares on 13.00..lets run to 20 :)
Also..take a look at AMCO, chart has a nice set up, could do a major move like CHOP did last week. Way undervalued!
I bought yesterday 1400 shares, wanted more but that's all I got at 9.35. TA looking good, jump above $10,- will ignite this stock!
I will add some 1600 shares more on monday!
so you sold al of your SIAF?
TA shows me increasing volume at a jump above $10,- is upon us.
Lets see...
just bought some 1500 shares @8.52, will be adding more next week
okay, I didn't expected this :) 0.084 is todays high, what will it ben next friday? My guess... 0.20