FalconStor

FalconStor shares down 30% on weak quarter, year

Melville-based data storage firm FalconStor Software (FALC) reported lower fourth quarter revenue for 2016, news that sent company shares down more than 30 percent for the week, to .43 cents, a historic low for the stock. The company reported revenue of $7.4 million for the quarter ended Dec. 31 versus $9.4 million in the year-earlier period. Its net loss was $1.2 million, or 5 cents per diluted share, compared to a net loss of $1.9…