Brokerages Expect Finjan Holdings, Inc. (FNJN) Will Post Quarterly Sales of $2.28 Million
Brokerages expect Finjan Holdings, Inc. (NASDAQ:FNJN) to post sales of $2.28 million for the current quarter, Zacks reports. Two analysts have made 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 reported sales of $1.14 million in the same quarter last year, which indicates a positive year-over-year growth rate of 100%. The business is expected to announce its next quarterly earnings results before the market opens on Thursday, November 9th.
According to Zacks, analysts expect that Finjan Holdings will report full year sales of $2.28 million for the current financial year, with estimates ranging from $34.51 million to $76.36 million. For the next year, analysts anticipate that the firm will post sales of $21.75 million per share. Zacks’ sales averages are a mean average based on a survey of research firms that follow Finjan Holdings.
Finjan Holdings (NASDAQ:FNJN) last posted its 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 firm had revenue of $2.31 million for the quarter, compared to analysts’ expectations of $2.32 million. Finjan Holdings had a return on equity of 169.10% and a net margin of 37.53%.
Several equities analysts have recently issued reports on the company. B. Riley reiterated a “buy” rating and set a $4.00 price target on shares of Finjan Holdings in a research report on Wednesday, August 9th. TheStreet cut Finjan Holdings from a “c” rating to a “d+” rating in a research report on Monday, August 28th.
In other news, major shareholder Corp Bcpi sold 81,388 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $3.10, for a total transaction of $252,302.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders have sold 164,131 shares of company stock worth $496,983. 9.64% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in FNJN. Renaissance Technologies LLC boosted its stake in shares of Finjan Holdings by 11.0% during the 1st quarter. Renaissance Technologies LLC now owns 135,700 shares of the software maker’s stock worth $236,000 after acquiring an additional 13,500 shares in the last quarter. Equitec Proprietary Markets LLC bought a new stake in shares of Finjan Holdings during the 2nd quarter worth $656,000. Spark Investment Management LLC bought a new stake in shares of Finjan Holdings during the 2nd quarter worth $427,000. Vanguard Group Inc. boosted its position in shares of Finjan Holdings by 793.0% in the second quarter. Vanguard Group Inc. now owns 225,205 shares of the software maker’s stock worth $739,000 after buying an additional 199,987 shares during the period. Finally, Advisor Group Inc. acquired a new stake in shares of Finjan Holdings in the second quarter worth $132,000. 27.81% of the stock is owned by institutional investors and hedge funds.
About Finjan Holdings
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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