Brokerages Expect Finjan Holdings, Inc. (FNJN) Will Post Earnings of -$0.13 Per Share
Wall Street analysts forecast that Finjan Holdings, Inc. (NASDAQ:FNJN) will announce earnings of ($0.13) per share for the current quarter, according to Zacks. Two analysts have issued estimates for Finjan Holdings’ earnings. The highest EPS estimate is ($0.12) and the lowest is ($0.14). Finjan Holdings reported earnings of ($0.20) per share during the same quarter last year, which indicates a positive year-over-year growth rate of 35%. The firm is scheduled to report its next quarterly earnings results on Thursday, November 9th.
On average, analysts expect that Finjan Holdings will report full year earnings of $0.88 per share for the current year, with EPS estimates ranging from $0.42 to $1.33. For the next financial year, analysts expect that the business will post earnings of ($0.03) per share. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that follow Finjan Holdings.
Finjan Holdings (NASDAQ:FNJN) last posted its quarterly earnings results on Thursday, August 10th. The software maker reported ($0.29) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by $0.17. The company had revenue of $2.31 million for the quarter, compared to analyst estimates of $2.32 million. Finjan Holdings had a return on equity of 169.10% and a net margin of 37.53%.
FNJN has been the subject of several analyst reports. B. Riley reissued a “buy” rating and issued a $2.75 price objective on shares of Finjan Holdings in a research note on Thursday, May 11th. TheStreet raised Finjan Holdings from a “d-” rating to a “c” rating in a research report on Monday, June 12th.
In related news, major shareholder Corp Bcpi sold 24,287 shares of the stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $3.14, for a total transaction of $76,261.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Seed Iv L. P. Israel sold 17,960 shares of the stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $3.49, for a total value of $62,680.40. Following the sale, the insider now directly owns 3,169,826 shares of the company’s stock, valued at $11,062,692.74. The disclosure for this sale can be found here. Insiders have sold 1,390,760 shares of company stock valued at $4,640,378 over the last ninety days. 9.64% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC increased its position in shares of Finjan Holdings by 11.0% during the first quarter. Renaissance Technologies LLC now owns 135,700 shares of the software maker’s stock valued at $236,000 after acquiring an additional 13,500 shares during the last quarter. Advisor Group Inc. purchased a new stake in shares of Finjan Holdings during the second quarter valued at approximately $132,000. Goldman Sachs Group Inc. purchased a new stake in shares of Finjan Holdings during the second quarter valued at approximately $148,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Finjan Holdings during the second quarter valued at approximately $162,000. Finally, Navellier & Associates Inc purchased a new stake in shares of Finjan Holdings during the second quarter valued at approximately $201,000. 34.19% of the stock is owned by institutional investors.
Shares of Finjan Holdings (FNJN) traded down 1.24% on Tuesday, hitting $2.38. The stock had a trading volume of 128,951 shares. The company has a 50-day moving average of $2.85 and a 200 day moving average of $2.44. Finjan Holdings has a 52 week low of $1.00 and a 52 week high of $4.06. The company has a market capitalization of $65.36 million, a price-to-earnings ratio of 6.65 and a beta of -0.70.
About Finjan Holdings
Finjan Holdings, Inc, through its subsidiaries, operates as a cybersecurity company, provides intellectual property licensing and enforcement services. The company owns a portfolio of patents related to software and hardware technologies that proactively detect malicious code and thereby protects end users from identity and data theft, spyware, malware, phishing, trojans, and other Web and network threats.
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