Finjan Holdings, Inc. (FNJN) Expected to Announce Quarterly Sales of $2.28 Million
Equities analysts expect Finjan Holdings, Inc. (NASDAQ:FNJN) to post $2.28 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued 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 issue its next earnings report on Thursday, November 9th.
On average, analysts expect that Finjan Holdings will report full year sales of $2.28 million for the current year, with estimates ranging from $34.51 million to $76.36 million. For the next financial year, analysts anticipate that the company will post sales of $21.75 million per share. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Finjan Holdings.
Finjan Holdings (NASDAQ:FNJN) last released its quarterly earnings results on Thursday, August 10th. The software maker reported ($0.29) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.12) by ($0.17). The business 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%.
Shares of Finjan Holdings (NASDAQ FNJN) opened at 1.9205 on Monday. The firm has a market cap of $52.74 million, a price-to-earnings ratio of 5.3645 and a beta of -0.52. The stock’s 50 day moving average price is $2.20 and its 200-day moving average price is $2.63. Finjan Holdings has a 52-week low of $1.00 and a 52-week high of $4.06.
In related news, major shareholder Corp Bcpi sold 74,439 shares of the company’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $3.15, for a total transaction of $234,482.85. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders have sold 289,125 shares of company stock worth $892,964. 9.64% of the stock is owned by corporate insiders.
Hedge funds have recently bought and sold shares of the stock. Spark Investment Management LLC acquired a new position in Finjan Holdings during the 2nd quarter worth approximately $427,000. B. Riley Financial Inc. acquired a new position in Finjan Holdings during the 2nd quarter worth approximately $5,459,000. Virtu KCG Holdings LLC raised its stake in Finjan Holdings by 1,010.9% during the 2nd quarter. Virtu KCG Holdings LLC now owns 114,332 shares of the software maker’s stock worth $375,000 after buying an additional 104,040 shares during the period. Equitec Proprietary Markets LLC acquired a new position in Finjan Holdings during the 2nd quarter worth approximately $656,000. Finally, Advisor Group Inc. acquired a new position in Finjan Holdings during the 2nd quarter worth approximately $132,000. 27.81% of the stock is currently owned by institutional investors and hedge funds.
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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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