Finjan Holdings, Inc. (FNJN) Expected to Announce Quarterly Sales of $2.28 Million
Equities research analysts expect Finjan Holdings, Inc. (NASDAQ:FNJN) to report sales of $2.28 million for the current quarter, according to Zacks. Two analysts have provided estimates for Finjan Holdings’ earnings, with the highest sales estimate coming in at $2.45 million and the lowest estimate coming in at $2.10 million. Finjan Holdings posted sales of $1.14 million in the same quarter last year, which would indicate a positive year over year growth rate of 100%. The firm is scheduled to report its next earnings report on Thursday, November 9th.
According to Zacks, analysts expect that Finjan Holdings will report full year sales of $2.28 million for the current fiscal year, with estimates ranging from $34.50 million to $76.36 million. For the next financial year, analysts forecast that the business will report sales of $21.75 million per share. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Finjan Holdings.
Finjan Holdings (NASDAQ:FNJN) last announced its earnings results on Thursday, August 10th. The software maker reported ($0.29) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.12) by ($0.17). Finjan Holdings had a return on equity of 169.10% and a net margin of 37.53%. The company had revenue of $2.31 million during the quarter, compared to the consensus estimate of $2.32 million.
FNJN has been the topic of a number of research analyst reports. TheStreet upgraded shares of Finjan Holdings from a “d-” rating to a “c” rating in a research note on Monday, June 12th. B. Riley restated a “buy” rating and issued a $4.00 price target on shares of Finjan Holdings in a research note on Monday, August 14th.
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Finjan Holdings (NASDAQ FNJN) opened at 2.19 on Tuesday. The firm has a 50 day moving average of $2.53 and a 200-day moving average of $2.52. 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 $60.14 million, a P/E ratio of 6.12 and a beta of -0.70.
In related news, major shareholder Seed Iv L. P. Israel sold 17,960 shares of the firm’s 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 completion of the transaction, the insider now owns 3,169,826 shares in the company, valued at approximately $11,062,692.74. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Corp Bcpi sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $3.31, for a total transaction of $66,200.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 678,332 shares of company stock valued at $2,202,763. 9.64% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of FNJN. Renaissance Technologies LLC raised its holdings in Finjan Holdings by 11.0% in the 1st quarter. Renaissance Technologies LLC now owns 135,700 shares of the software maker’s stock valued at $236,000 after buying an additional 13,500 shares during the last quarter. Equitec Proprietary Markets LLC bought a new position in Finjan Holdings in the 2nd quarter valued at approximately $656,000. Spark Investment Management LLC bought a new position in Finjan Holdings in the 2nd quarter valued at approximately $427,000. Vanguard Group Inc. raised its holdings in Finjan Holdings by 793.0% in the 2nd quarter. Vanguard Group Inc. now owns 225,205 shares of the software maker’s stock valued at $739,000 after buying an additional 199,987 shares during the last quarter. Finally, Advisor Group Inc. bought a new position in Finjan Holdings in the 2nd quarter valued at approximately $132,000. Institutional investors and hedge funds own 34.19% of the company’s stock.
Finjan Holdings Company Profile
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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