FalconStor Software, Inc. (NASDAQ:FALC) Shares Increase By 14.19%


Dallas, Texas 01/21/2014 (FINANCIALSTRENDS) – US-based technology solution provider FalconStor Software, Inc. (NASDAQ:FALC) continues to innovate and bring value addition to its core business software as well as services. The company currently provides a range of data protection devices, though largely disk-driven. T

he unique aspect of FalconStor Software, Inc. (NASDAQ:FALC) service is the ability of the company to provide uninterrupted data protection without compromising on the speed or the integrity of the company. The uniqueness of the company is the non-complicated line of solutions, which do not disturb the efficiency factor of the company deploying the solution.

FalconStor Software, Inc. (NASDAQ:FALC) is $81.17 million market cap company with volumes of 475,264. The company has an EPS of -0.30 and 52 week high of $2.89 as well as 52 week low of $0.88.

FalconStor Software, Inc. (NASDAQ:FALC), analysts believe has seen some of the highest headwinds in the sector since August of last year. The companies several options in turnaround its business too appears to have failed as the previously announced deal with Wells Fargo now stands cancelled.

Apparently, FalconStor Software, Inc. (NASDAQ:FALC) low revenue earnings, the fall in business expansion as well as the failure of the takeover by WFC, hold bearing on the current performance of the company. It has been notified that the company had also not been above board with its investors. The company had intentionally not been upright with investors about some of its moves, which include the alleged lawsuit it intended to file against the CEO ReiJane Huai’s estate.

The company’s earnings call too only led to further deterioration of the overall performance of the stock at the browsers. In September last, the company had lost much ground on the stock market after it had opted for preferred equity issuance of $9million. The company has also reported poor third quarter results with negative EPS.