Wall Street analysts forecast that Finjan Holdings, Inc. (NASDAQ:FNJN) will announce sales of $20.96 million for the current quarter, Zacks reports. Two analysts have issued estimates for Finjan’s earnings. The highest sales estimate is $23.40 million and the lowest is $18.51 million. Finjan reported sales of $8.40 million in the same quarter last year, which would suggest a positive year over year growth rate of 149.5%. The business is scheduled to announce its next quarterly earnings report on Monday, March 26th.
On average, analysts expect that Finjan will report full-year sales of $20.96 million for the current fiscal year, with estimates ranging from $45.57 million to $50.46 million. For the next year, analysts forecast that the firm will report sales of $52.16 million per share, with estimates ranging from $40.27 million to $64.05 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Finjan.
Finjan (NASDAQ:FNJN) last issued its earnings results on Thursday, November 9th. The software maker reported ($0.16) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.16). Finjan had a net margin of 37.53% and a return on equity of 100.25%.
In other Finjan news, major shareholder Corp Bcpi sold 47,500 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $2.16, for a total transaction of $102,600.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Seed Iv L. P. Israel sold 145,200 shares of the firm’s stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $2.56, for a total transaction of $371,712.00. Following the sale, the insider now directly owns 3,002,065 shares in the company, valued at approximately $7,685,286.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 450,632 shares of company stock worth $1,086,179. 9.64% of the stock is owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in FNJN. Advisor Group Inc. acquired a new stake in Finjan during the second quarter worth approximately $132,000. Goldman Sachs Group Inc. acquired a new stake in Finjan during the second quarter worth approximately $148,000. Arrowstreet Capital Limited Partnership acquired a new stake in Finjan during the second quarter worth approximately $162,000. Macquarie Group Ltd. acquired a new stake in Finjan during the third quarter worth approximately $200,000. Finally, Navellier & Associates Inc acquired a new stake in Finjan during the second quarter worth approximately $201,000. 33.76% of the stock is currently owned by institutional investors.
Shares of Finjan (NASDAQ FNJN) opened at $1.77 on Friday. Finjan has a 1-year low of $1.35 and a 1-year high of $4.06. The firm has a market cap of $48.76, a P/E ratio of 3.34 and a beta of 0.73.
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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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