Tech Stock Updates: Microsoft Corporation (NASDAQ:MSFT), Wayside Technology Group, Inc. (NASDAQ:WSTG), Cyren Ltd (NASDAQ:CYRN)

Two years after its $1.2 billion acquisition by Microsoft Corporation (NASDAQ:MSFT), Yammer co-founder David Sachs announced on Thursday that he’s leaving the software giant, according to several reports. Sachs’ resignation comes after Microsoft CEO Satya Nadella announced plans to absorb Yammer into Microsoft’s Outlook and Office 365 development divisions as part of a larger company reorganization.

Since its acquisition in 2012, Yammer has been operating as an independent unit even though its technology was incorporated into several Microsoft products like SharePoint and Office 365. However, the workplace chat service is being moved to the Outlook and Office 365 teams which are lead by Microsoft VP Rajesh Jha. No word on where Sachs is headed next. Shares of MSFT last traded at $44.49, near the high of its 52-week range of $30.84 to $45.71.

Wayside Technology Group, Inc. (NASDAQ:WSTG) shares were down 6% after it reported EPS that declined year-over-year while net sales increased 14%. Net income was $1.5 million with earnings of $0.31 per share compared to $1.5 million and $0.34, respectively, for the Q2 2013.

Net sales for Q2 2014 increased 14% or $10.3 million to $84.4 million compared to $74.1 million for the same period in 2013. The company declared a quarterly dividend of $0.17 per share of its common stock payable August 15, 2014 to shareholders of record on August 6, 2014. That dividend is in line with the previous dividend and above the dividend a year prior. WSTG trades in a 52-week range of $11.47 to $23.40, with shares down 6.4% at $15.43 in the final hour of trade.

Shares of web security software developer Cyren Ltd (NASDAQ:CYRN) fell to a 5-year low of $1.91 at the open after the company priced a registered direct offering of 4.8 million shares, and warrants to purchase 1.7 million ordinary shares with certain institutional investors in combinations consisting of one ordinary share and one warrant to purchase 0.35 of an ordinary share at an offering price per fixed combination of $2.41.

Gross proceeds to Cyren from the offering will total $11.5 million. CYRN has recovered off the lows, but is still down 15% to trade at $2.29 with a new 52-week range of $1.91 to $4.10.