Cyren Ltd (NASDAQ:CYRN) saw an increase of 20% to its stock value. In the previous trading session, the company had a rise of 15.79%. The company has not made any reports in the last trading session; hence, external factors might increase.
On September 8, Cyren announced a new partnership that will deal with phishing threats and cloud adoption. Cyren Inbox Security, the company’s anti-phishing solution and Improving’s IT services, will collaborate to help businesses use Microsoft 365 and reduce the effort usually required to detect and stop phishing attacks.
Improving is an IT services firm that provides training, recruiting, consulting, and project services for clients across the globe. It uses its technical capabilities, success record, and scale to support clients on their digital transformation journey. Improving has helped many organisations operate and migrate to the cloud.
After noting an increase in attacks targeting their clients, Improving saw the need for a high-quality architecture for anti-phishing. Additionally, it sought a cloud-ready approach that would complement the native security feature of Microsoft 365. Improving was able to accomplish this with Cyren Inbox Security.
Market Reaction:
On Monday, CYRN stock slid 3.17% at $0.5810 with more than 16.06 million shares, compared to its average volume of 815K shares. The stock has moved within a range of $0.5708 – 0.7200 after opening the trade at $0.68.
