Analysts Anticipate Finjan Holdings, Inc. (FNJN) to Announce -$0.04 EPS
Brokerages forecast that Finjan Holdings, Inc. (NASDAQ:FNJN) will post earnings per share (EPS) of ($0.04) for the current quarter, Zacks reports. Two analysts have made estimates for Finjan Holdings’ earnings. Finjan Holdings reported earnings per share of $0.17 during the same quarter last year, which would suggest a negative year-over-year growth rate of 123.5%. The company is scheduled to announce its next earnings report on Monday, March 26th.
On average, analysts expect that Finjan Holdings will report full year earnings of $0.16 per share for the current financial year. For the next fiscal year, analysts forecast that the company will post earnings of $0.27 per share, with EPS estimates ranging from ($0.04) to $0.57. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Finjan Holdings.
Several research analysts have commented on FNJN shares. B. Riley reaffirmed a “buy” rating and set a $4.00 price target on shares of Finjan Holdings in a research report on Wednesday, August 9th. TheStreet lowered Finjan Holdings from a “c” rating to a “d+” rating in a research report on Monday, August 28th.
Several hedge funds have recently made changes to their positions in the business. B. Riley Financial Inc. grew its stake in shares of Finjan Holdings by 24.0% in the 3rd quarter. B. Riley Financial Inc. now owns 2,063,351 shares of the software maker’s stock valued at $4,849,000 after purchasing an additional 399,032 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Finjan Holdings by 128.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 400,732 shares of the software maker’s stock valued at $942,000 after purchasing an additional 225,251 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of 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 purchasing an additional 199,987 shares during the last quarter. Equitec Proprietary Markets LLC purchased a new position in shares of Finjan Holdings in the 2nd quarter valued at approximately $656,000. Finally, Renaissance Technologies LLC grew its stake in shares of 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 purchasing an additional 13,500 shares during the last quarter. Institutional investors own 27.82% of the company’s stock.
Finjan Holdings (NASDAQ FNJN) opened at $2.19 on Friday. The company has a market capitalization of $58.74, a P/E ratio of 5.17 and a beta of -0.16. Finjan Holdings has a 12-month low of $1.00 and a 12-month high of $4.06.
ILLEGAL ACTIVITY NOTICE: “Analysts Anticipate Finjan Holdings, Inc. (FNJN) to Announce -$0.04 EPS” was first reported by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of United States and international copyright and trademark legislation. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/11/17/analysts-anticipate-finjan-holdings-inc-fnjn-to-announce-0-04-eps.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Finjan Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Finjan Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.