Cyren Ltd's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Cyren Ltd (CYRN) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Cyren Ltd vs Its Competitors
- TTM: Trailing 12-month revenue of 30M vs 895,127M combined for tracked competitors (0.0% combined share).
- Trending: Latest-quarter revenue run-rate is decelerating (-22.1% annualized vs trailing 12 months), vs decelerating (-33.3%) for its tracked peer group.
- Growth: Cyren Ltd generated 3.9% revenue growth year over year in Q3 2022, vs 9.3% for its tracked competitors combined.
- Profitability: Its -104.5% net margin compares with 25.7% for the peer group.
- Peer revenue share: Cyren Ltd accounted for 0.0% of combined revenue among its tracked peer group, up from 0.0% a year earlier.
- Peer differentiation: Revenue per employee of $0.13M compares with $1.48M for the peer group (0.1x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
CYRN Sales vs. its Competitors, Q3 2022
Cyren Ltd reported revenue growth of 3.88 % year on year in Q3 2022, below its competitors' combined revenue growth of 9.32 %.
With a net margin of -104.53 %, Cyren Ltd reported lower profitability than its competitors (25.70 %).
Cyren Ltd generated 0.00 % of the combined sales of its peer group, up from 0.00 % a year earlier.
Cyren Ltd vs. its Competitors, Q3 2022
Revenue growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Cyren Ltd and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Cyren Ltd | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (6) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Cyren Ltd's competitor groups requires a Commercial License.
For context: the Software & Programming industry grew revenue 16.4% year over year, combined, vs 3.9% for Cyren Ltd. Cyren Ltd's share of combined industry revenue moved from 0.00% to 0.00%, a gain of 0.00 percentage points.
Cyren Ltd's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Cyren Ltd | No | Yes | No | No |
| Competitors combined (17) | ||||
| Similar Growth & Profitability (8) | 0.00 % (0 of 8) | 25.00 % (2 of 8) | 0.00 % (0 of 8) | 37.50 % (3 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
CYRN Stock Performance relative to its Competitors
CYRN Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Zeta Global Holdings Corp | 282.9% | Outperformed |
| 2 | Apple Inc | 282.9% | Outperformed |
| 3 | Microsoft Corporation | 282.9% | Outperformed |
| 4 | Salesforce Inc | 282.9% | Outperformed |
| 5 | Sap Se | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Cyren Ltd's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Cyren Ltd's Comment on Competition and Industry Peers
The principal competitive factors in our industry include price, product functionality, product integration, platform coverage and ability to scale, worldwide sales infrastructure and global technical support. Some of our competitors have greater financial, technical, sales, marketing and other resources than we do, as well as greater name recognition and a larger installed customer base. Additionally, some of these competitors have research and development capabilities that may allow them to develop new or improved products that may compete with product lines and services we market and distribute, possibly at a lower cost. Our success will depend on our ability to adapt to these competing forces, to develop more advanced products more rapidly and less expensively than our competitors and/or to purchase new products by way of strategic acquisitions, and to educate potential OEM customers as to the benefits of using our products rather than developing their own products.
In the market for messaging security solutions, there are sophisticated offerings that compete with our solutions. Email defense security providers offering forms of Software-as-a-Service packaged software (gateway), multi-functional appliances and managed service solutions and which may be viewed as both competitors and potential customers to Cyren include Google, Symantec, McAfee, Cisco, Proofpoint, and Mimecast. Messaging security providers offering solutions on an OEM basis similar to Cyren’s business model, and which may be viewed as direct competitors, include Cloudmark (acquired by Proofpoint), Mailshell and Vade Secure.
The market for real-time virus protection products is also constantly evolving, as those designing and proliferating viruses and other malware seek new vulnerabilities and distribution techniques, and also continue to leverage email distribution as a cost-effective medium for accurately targeting broad, numerous potential victims. Cyren’s real-time offering differs from traditional antivirus solutions by leveraging our global footprint and patented RPD technology to rapidly detect outbreaks, often hours or days before traditional antimalware solutions; it thereby offers a complementary solution to signature and heuristic-based antivirus engines. For this reason, our virus outbreak detection engine has been deployed by many security companies and service providers.
In the market for antimalware solutions, there are vendors offering fairly effective solutions using various technologies based on signatures, emulation and heuristics. Cyren has a targeted OEM/service provider focus, plus an increasing focus on heuristics and zero day effectiveness. Most companies in this space provide endpoint products and in some cases make software development kits available on an OEM basis. Competitors to Cyren include Sophos, Bitdefender, Kaspersky, McAfee, Symantec and open source software such as Clam-AV.
In the market for web security solutions, there are advanced offerings that compete with our GlobalView URL filtering solution and CWS. Web security providers offering forms of software (gateway), multi-functional appliances and managed service solutions and which may be viewed as both competitors and potential customers to Cyren include McAfee, ForcePoint, Symantec (BlueCoat), Zscaler, Barracuda, and Cisco (OpenDNS). Web security providers offering solutions on an OEM basis similar to Cyren’s business model, and which may be viewed as direct competitors, include Webroot (BrightCloud) and Symantec (RuleSpace).
Publicly Traded Peers of Cyren Ltd
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Cyren Ltd | 1.71 | 29.96 |
| Apple Inc | 4,880,858.03 | 466,823.00 |
| Microsoft Corporation | 3,870,007.52 | 331,839.00 |
| Sap Se | 249,675.87 | 41,606.87 |
| Salesforce Inc | 194,421.01 | 43,938.00 |
| Check Point Software Technologies Ltd | 14,326.16 | 2,725.40 |
| SUBTOTAL | 9,253,233.33 | 896,901.81 |
Sign in to see all competitors of Cyren Ltd .
Sources: Cyren Ltd's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Cyren Ltd versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Cyren Ltd's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Data443 Risk Mitigation Inc | Named by the company | 85% |
| Mimecast Limited | Named by the company | 85% |
| Proofpoint inc | Named by the company | 85% |
| Check Point Software Technologies Ltd | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Cyren Ltd's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
Cyren Ltd's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Apple Inc | Americas 41.84 % |
| Microsoft Corporation | Productivity and Business Processes 42.19 % |
| Thryv Holdings Inc | Software As a Service 75.95 % |
| Alpine 4 Holdings Inc | Technologies 31.79 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Cyren Ltd's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Cyren Ltd | 2 | 125,335 | -135,916 |
| Apple Inc | 4,880,858 | 2,812,187 | 776,687 |
| Microsoft Corporation | 3,870,008 | 1,488,067 | 599,771 |
| Sap Se | 249,676 | 378,244 | 75,299 |
| Salesforce Inc | 194,421 | 604,524 | 132,935 |
| Check Point Software Technologies Ltd | 14,326 | 522,107 | 202,471 |
| PEERS TOTAL | 9,253,232 | 1,484,568 | 466,221 |
Cyren Ltd's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent filing. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Cyren Ltd | United States 57.85 % |
| Microsoft Corporation | US 51.47 % |
| Salesforce Inc | Americas 64.97 % |
| Check Point Software Technologies Ltd | EMEA 43.08 % |
| Hubspot Inc | Americas 58.68 % |
| Proofpoint inc | US 78.59 % |
Source: revenue geography as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Cyren Ltd's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Software & Programming industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (347 companies). See the full Software & Programming industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 40.72 % | 63.85 % (avg) | -23.1 pp |
| Operating Margin | -82.83 % | industry median | -56.1 pp |
| EBITDA Margin | -72.63 % | 2.76 % (avg) | -75.4 pp |
| Capital Intensity (Capex / Revenue) | 0.76 % | 4.77 % (avg) | -4.0 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Cyren Ltd's Valuation vs Competitive Position
Valuation multiples vs the Software & Programming industry average (347 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Software & Programming industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | - | 39.4x | - |
| EV / EBITDA | - | 21.7x | - |
| P/B | 1.0x | 5.4x | -4.4x |
| Return on Equity | -303.89 % | industry aggregate | -319.82 % |
| Return on Invested Capital | -64.61 % | -0.30 % (avg) | -64.31 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Cyren Ltd's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2014 | 2015 | 2017 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|---|
| Revenue Growth | - | - | 34.66 % | - | -5.22 % | -14.29 % |
| Operating Margin | - | - | -44.68 % | -46.02 % | -43.26 % | -71.81 % |
| Return on Invested Capital | - | - | -14.26 % | -33.41 % | -23.95 % | -35.98 % |
| P/E | - | - | - | - | - | - |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Cyren Ltd's Strategic Group Map
Every company in Cyren Ltd's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. Cyren Ltd is shown in red; its closest peers by combined growth, margin and ROIC (the Similar Growth & Profitability group above) are labeled.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Cyren Ltd's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 0.76 % vs industry average 4.77 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See Cyren Ltd's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Cyren Ltd's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Cyren Ltd's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Cyren Ltd falls in the Low attractiveness / Low strength cell: Harvest / Divest.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Cyren Ltd's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
No rule matched.
Weaknesses
- Operating margin 56.1 points below the industry median.
- Return on equity 319.8 points below the industry aggregate.
- Latest-quarter revenue run-rate is decelerating (-22.1% annualized vs trailing 12 months).
Opportunities
- Industry revenue growing at a healthy 11.6% median pace.
Threats
- Tracked peer group's revenue run-rate is broadly decelerating (-33.3% annualized).
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Cyren Ltd's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Cyren Ltd | 0.73 | 1.16 | - |
| Apple Inc | 0.26 | 0.96 | 0.99 |
| Microsoft Corporation | 0.13 | 1.31 | 0.11 |
| Sap Se | 0.47 | 1.16 | 0.10 |
| Salesforce Inc | 0.30 | 0.83 | 0.53 |
| Check Point Software Technologies Ltd | 0.81 | 2.05 | 0.68 |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Cyren Ltd's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Cyren Ltd | Q3 2022 | +3.9 % | - |
| Apple Inc | Q2 2026 | +16.4 % | +27.1 % |
| Microsoft Corporation | Q2 2026 | +17.7 % | +31.3 % |
| Sap Se | Q4 2025 | +12.5 % | +143.0 % |
| Salesforce Inc | Q2 2026 | +10.8 % | +86.9 % |
| Check Point Software Technologies Ltd | Q4 2025 | +6.3 % | +25.0 % |
| PEERS TOTAL | +15.8 % | +38.1 % |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Cyren Ltd's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Cyren Ltd | Q3 2022 | -8.9 % | -98.0 % |
| Apple Inc | Q2 2026 | +8.6 % | -29.1 % |
| Microsoft Corporation | Q2 2026 | +22.9 % | +109.6 % |
| Sap Se | Q4 2025 | +9.6 % | - |
| Salesforce Inc | Q2 2026 | +18.2 % | +26.7 % |
| Check Point Software Technologies Ltd | Q4 2025 | +13.3 % | +9.9 % |
Cyren Ltd's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Cyren Ltd | - | - | - |
| Apple Inc | 35.02% | 60.14% | 142.67% |
| Microsoft Corporation | 19.76% | 22.48% | 34.22% |
| Sap Se | 10.03% | 12.84% | 15.66% |
| Salesforce Inc | 9.12% | 12.41% | 20.15% |
| Check Point Software Technologies Ltd | 13.54% | 17.90% | 36.67% |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Cyren Ltd's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Cyren Ltd | - | 0.06 |
| Apple Inc | 38.13 | 10.46 |
| Microsoft Corporation | 28.93 | 11.66 |
| Sap Se | 34.87 | 6.00 |
| Salesforce Inc | 21.67 | 4.42 |
| Check Point Software Technologies Ltd | 13.55 | 5.26 |
| PEERS AVERAGE | 32.86 | 10.32 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.