Finjan Holdings, Inc. (FNJN) Expected to Announce Earnings of $0.33 Per Share
Analysts expect that Finjan Holdings, Inc. (NASDAQ:FNJN) will post earnings of $0.76 per share for the current quarter, according to Zacks. Two analysts have provided estimates for Finjan’s earnings. The lowest EPS estimate is $0.28 and the highest is $0.37. Finjan reported earnings of $0.17 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 347.1%. The business is scheduled to issue its next earnings report on Monday, March 26th.
On average, analysts expect that Finjan will report full-year earnings of $0.60 per share for the current fiscal year. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.63 per share, with EPS estimates ranging from $0.57 to $0.68. Zacks’ earnings per share averages are an average based on a survey of analysts that that provide coverage for Finjan.
Separately, B. Riley increased their price objective on Finjan from $4.00 to $5.00 and gave the company a “buy” rating in a research note on Tuesday.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Advisor Group Inc. acquired a new stake in Finjan in the 2nd quarter worth about $132,000. Goldman Sachs Group Inc. acquired a new stake in Finjan in the 2nd quarter worth about $148,000. Arrowstreet Capital Limited Partnership acquired a new stake in Finjan in the 2nd quarter worth about $162,000. Navellier & Associates Inc acquired a new stake in Finjan in the 2nd quarter worth about $201,000. Finally, Macquarie Group Ltd. acquired a new stake in Finjan in the 3rd quarter worth about $200,000. 33.68% of the stock is currently owned by institutional investors and hedge funds.
Shares of Finjan (FNJN) opened at $2.41 on Friday. The company has a market capitalization of $63.45, a price-to-earnings ratio of 5.88 and a beta of -0.13. Finjan has a 52 week low of $1.25 and a 52 week high of $4.06.
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Finjan 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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