Vancouver, BC, May 29, 2014 - Zacks Small-Cap Research has updated coverage on CYREN Ltd. (CYRN).
Analyst Lisa Thompson has upgraded the company from neutral to outperform giving the company a target price of $6.15, a premium of 107% to the $2.97 price on May 19th, the day the report was issued.

InvestmentPitch.com has produced a "video research alert" about CYREN based on this report. If this link is not enabled, please visit www.InvestmentPitch.com and enter "CYREN" in the search box.

CYREN, formerly Commtouch Software, is an email and web security software and SaaS vendor. Until recently, the company sold its technology to OEM`s as an engine to eliminate spam, phishing, etc., in products such a Gmail and Checkpoint appliances.

The company launched its first cloud-based platform "CYREN WebSecurity" in January and is building distribution and rolling out supporting data centres now, and is in the process of building out a full cloud-based product line that can be sold as a white label to vendors such as telcos and storage providers to protect their customers. Clients include Google, Yahoo, Microsoft and IBM.

Cloud-based security is on the rise according to Gartner who predicts that what was $2.1 billion industry in 2013 will grow to a $4.1 billion in 2017.

On May 28th, the company launched its "CYREN URL Phishing Feed", a new service that allows its web and email security partners to block phishing sites before they reach unsuspecting end users.

Brett Wilson, vice president of products stated, "The launch of our new CYREN URL Phishing Feed provides our partners with the most powerful phishing protection technology available. Scanning billions of emails each day, the CYREN GlobalView Cloud is able to provide our labs with a truly global perspective that allows an ever-growing number of phishing sites to be more readily identified - allowing our partners to add tremendous value for their web and email security customers."

Analyst Lisa Thompson added, "Versus public comparable companies in the Internet security business CYREN is considerably undervalued. CYREN is rolling out new higher growth products that should accelerate revenues in 2015 and beyond which should translate to a higher valuation and higher multiples more in line with its public peers."

The company currently trades at $2.91, well below the $6.15 target price, and with 26 million shares outstanding, the company is capitalized at $76 million.

For more information about CYREN, please visit the company`s website www.cyren.com, contact Mike Myshrall at 703-760-3320, or email mike.myshrall@CYREN.com. In Europe contact David Orr at 44-7917-880-106 or email david.orr@CYREN.com.

The company`s investor relations is handled by Monica Gould of The Blueshirt Group, who can be reached at 212-871-3927, or by email at monica@blueshirtgroup.com.

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