Zacks: Brokerages Expect Finjan Holdings, Inc. (FNJN) to Announce -$0.12 EPS
Analysts expect Finjan Holdings, Inc. (NASDAQ:FNJN) to report earnings per share of ($0.12) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Finjan Holdings’ earnings. The highest EPS estimate is ($0.10) and the lowest is ($0.14). Finjan Holdings reported earnings of ($0.20) per share in the same quarter last year, which would indicate a positive year over year growth rate of 40%. The business is expected to announce its next earnings results on Thursday, November 9th.
According to Zacks, analysts expect that Finjan Holdings will report full year earnings of $0.76 per share for the current financial year, with EPS estimates ranging from $0.18 to $1.33. For the next financial year, analysts forecast that the firm will report earnings of ($0.06) per share, with EPS estimates ranging from ($0.09) to ($0.03). Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Finjan Holdings.
Finjan Holdings (NASDAQ:FNJN) last posted its earnings results on Thursday, August 10th. The software maker reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.17). Finjan Holdings had a net margin of 37.53% and a return on equity of 169.10%. The business had revenue of $2.31 million during the quarter, compared to analyst estimates of $2.32 million.
A number of analysts have weighed in on the company. B. Riley reiterated a “buy” rating and set a $4.00 price target on shares of Finjan Holdings in a report on Monday, August 14th. TheStreet downgraded Finjan Holdings from a “c” rating to a “d+” rating in a report on Monday, August 28th.
In other news, major shareholder Seed Iv L. P. Israel sold 17,960 shares of the firm’s stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $3.49, for a total value of $62,680.40. Following the completion of the sale, the insider now directly 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 is accessible through this link. Also, major shareholder Corp Bcpi sold 53,000 shares of the firm’s stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $3.26, for a total value of $172,780.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 524,832 shares of company stock valued at $1,687,038. 9.64% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. Advisor Group Inc. acquired a new stake in shares of Finjan Holdings in the 2nd quarter valued at about $132,000. Goldman Sachs Group Inc. acquired a new stake in shares of Finjan Holdings in the 2nd quarter valued at about $148,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Finjan Holdings in the 2nd quarter valued at about $162,000. Navellier & Associates Inc acquired a new stake in shares of Finjan Holdings in the 2nd quarter valued at about $201,000. Finally, Virtu KCG Holdings LLC grew its stake in shares of Finjan Holdings by 1,010.9% in the 2nd quarter. Virtu KCG Holdings LLC now owns 114,332 shares of the software maker’s stock valued at $375,000 after buying an additional 104,040 shares during the period. Institutional investors own 34.19% of the company’s stock.
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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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