Last $1.66 USD
Change Today -0.02 / -1.19%
Volume 35.3K
FALC On Other Exchanges
Symbol
Exchange
NASDAQ GM
Berlin
As of 8:10 PM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

falconstor software inc (FALC) Snapshot

Open
$1.64
Previous Close
$1.68
Day High
$1.68
Day Low
$1.62
52 Week High
06/10/14 - $1.80
52 Week Low
08/12/13 - $0.88
Market Cap
79.7M
Average Volume 10 Days
23.7K
EPS TTM
$-0.16
Shares Outstanding
48.0M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for FALCONSTOR SOFTWARE INC (FALC)

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falconstor software inc (FALC) Details

FalconStor Software, Inc. develops, manufactures, and sells data migration, business continuity, disaster recovery, optimized backup, and de-duplication solutions worldwide. It builds products and solutions based on its IPStor software platform, which delivers storage virtualization, continuous data protection, WAN-optimized replication, and disaster recovery (DR) automation services to data centers. The company’s business continuity and disaster recovery products include Network Storage Server solution that provides data storage provision and migration; Continuous Data Protector that combines local and remote protection into a disk-based solution, which allows organizations to recover data back to the most recent transaction; and RecoverTrac, a disaster recovery automation tool that streamlines the implementation, testing, and execution of DR operations. Its backup optimization products comprise Virtual Tape Library, a solution that reduces the amount of data needed to be stored on disk; and File-Interface Deduplication System that allows companies to optimize storage capacity services for disk-to-disk backup and archiving applications. The company also provides maintenance, implementation, and engineering services. FalconStor Software, Inc. offers its solutions for IT administrators and end users to recover data in the event of hardware failure, data corruption, deletion, or catastrophic site-level disaster; and to facilitate data and system restoration by minimizing impacts to business productivity. The company sells its products through value-added resellers or solution providers, system integrators, managed service providers, direct market resellers, distributors, and original equipment manufacturers. FalconStor Software, Inc. was founded in 1989 and is headquartered in Melville, New York.

279 Employees
Last Reported Date: 05/8/14
Founded in 1989

falconstor software inc (FALC) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $317.7K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $225.0K
Executive Vice President, General Counsel and...
Total Annual Compensation: $280.0K
Compensation as of Fiscal Year 2013.

falconstor software inc (FALC) Key Developments

FalconStor Software, Inc. Announces Opening of its New Office and Training Center in Beijing

FalconStor Software Inc. announced the opening of its new office and training center in Beijing. The company's new Beijing office, located in Beijing's CBD area, will act as a major business hub for the Chinese market. The company currently has offices in Beijing and Shanghai, as well as a presence in Wuhan, Guangzhou, Shenzhen, and Hong Kong. The extensive presence allows the company to provide comprehensive, quality support and services to customers and partners across China, Hong Kong, and Macau. Co-located in the company's new Beijing office, the company's China Regional Training Center officially opens as well. The new training facility can accommodate more than 50 people and will be primarily used to provide technical training and product briefings. Additionally, the training center will be used for accreditation of partners and technical classes to Chinese customers. The company's mission is to help customers receive a better technical and product experience and help partners raise their sales and technical support capabilities.

Falconstor Software Inc. Updates its Migration, Continuity, and Protection-Recovery Solutions

FalconStor Software (R) Inc. announced product updates to its Migration, Continuity, and Protection-Recovery solutions. Major highlights include additional migration support for service providers and cloud-ready data centers, new encryption at rest technology, and 195% improved data recovery speed compared to the previous version. Service providers and cloud-ready environments can leverage the benefits of FalconStor technology installed on the latest blade platforms from Dell, while utilizing faster Xeon processors and Qlogic converged network adapters for a smaller data center footprint. This update allows customers and service providers to deploy FalconStor solutions in a consolidated, optimized, and cloud-ready data center. As part of the deduplication solution update, FalconStor has introduced new encryption at rest technology to provide the high level of security for data protection. For environments that have strict security requirements or are required to comply with government regulations, this technology provides the ability to encrypt all data being sent to virtual tape. Data is deduplicated and encrypted as it is stored on disk. FalconStor's encryption at rest offering will be provided free of charge, and is available for all new installations. Additional product updates: Restore speeds of up to 16TB/hr, a 195% improvement compared to the previous version, helping avoid costly downtime. Database and application support list expanded to include Windows 2012R2, Hyper-V 201R2 Clusters, and SQL Server 2014 database. New functionality that allows users to choose which storage and protection features participate in the stretch cluster configuration; reducing the storage and implementation costs of providing high availability for applications and servers. Snapshot groups can now create simultaneous snapshots of up to 256 virtual devices, to increase the volume of data that can be protected simultaneously, reduce the number of backup jobs, and further reduce recovery times. Improved management and reporting capabilities for FalconStor Protection-Recovery: including new performance monitoring, disk usage reports, and multi-select features. Users can monitor the load and performance of ports, LUNs, devices, and snapshots, in either real-time or historical views, right from the centralized administration console. The deduplication console now provides full support for the Chinese language. FalconStor Optimized Backup and Deduplication Solution(TM) 8.1 and FalconStor Migration, Continuity, Protection & Recovery 7.7 product updates, as outlined above, are available immediately as of May 29, 2014.

Falconstor Software Inc. Announces Unaudited Consolidated Financial Results for the First Quarter Ended March 31, 2014

Falconstor Software Inc. announced unaudited consolidated financial results for the first quarter ended March 31, 2014. For the quarter, the company reported total revenues of $12,001,499 against $15,284,817 a year ago. Operating loss was $2,636,831 against $3,873,553 a year ago. Loss before income taxes was $2,586,723 against $4,204,343 a year ago. Net loss attributable to common stockholders was $3,104,078 or $0.06 per diluted share against $4,380,445 or $0.09 per diluted share a year ago. Non-GAAP loss from operations was $1,888,886 against $2,868,752 a year ago. Non-GAAP net loss was $2,053,853 or $0.04 per diluted share against $3,375,644 or $0.07 per diluted share a year ago. The company achieved positive cash flow from operations on a GAAP basis in first quarter of 2014 of $0.3 million compared with cash used in operations of $1.8 million in first quarter of 2013. On an adjusted non-GAAP basis, for the quarter, the company generated positive cash flow from operations of $900,000 compared with cash flow from operations on an adjusted non-GAAP basis of $1 million in the previous quarter. The adjusted non-GAAP cash flow from operations excludes payments made in connection with its legal settlements, restructuring activities and any proceeds received from joint development activities as applicable.

 

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FALC

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Valuation FALC Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.4x
Price/Book 23.5x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.8x
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