Cycurion (NASDAQ:CYCU) Issues Earnings Results, Beats Estimates By $0.15 EPS

Cycurion (NASDAQ:CYCU) issued its quarterly earnings data on Friday. The company reported ($0.41) earnings per share for the quarter, beating the consensus estimate of ($0.56) by $0.15, FiscalAI reports. The firm had revenue of $3.76 million for the quarter. Cycurion had a negative net margin of 108.49% and a negative return on equity of 123.25%.

Cycurion Price Performance

NASDAQ:CYCU opened at $0.69 on Friday. Cycurion has a 12 month low of $0.26 and a 12 month high of $15.88. The company’s 50-day moving average price is $0.59 and its two-hundred day moving average price is $1.08. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.02. The firm has a market cap of $7.86 million, a PE ratio of -0.10 and a beta of 0.97.

Analysts Set New Price Targets

CYCU has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of Cycurion from a “strong sell” rating to a “hold” rating in a research report on Saturday, May 23rd. Weiss Ratings downgraded Cycurion from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, August 6th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $7.00.

About Cycurion

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.