Cyren: Jumps after winning multi-year contract from tech company

Cyren

12/04/2018 13:33

** Cyren's U.S.-listed shares  CYRN.O  jump ~23 pct
premarket in heavy volumes, set to erase YTD losses of 7.6 pct
    ** Stock is the 5th biggest gainer premarket, with vols of
~58k shares already 6.5x their 25-day moving avg
    ** The Israeli software services provider signs https://bit.ly/2GWcgMa
 a multi-year contract with a tech company, which it did not
name
    ** Cyren said the tech firm will become its largest customer
by revenue and the deal will add to rev starting from Q2

 (Reporting by Shreyashi Sanyal in Bengaluru)
 ((RM: Shreyashi.Sanyal.thomsonreuters.com@reuters.net))