Finjan Holdings, Inc. (FNJN) Expected to Announce Quarterly Sales of $20.96 Million
Equities analysts expect Finjan Holdings, Inc. (NASDAQ:FNJN) to report sales of $20.96 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Finjan’s earnings, with the highest sales estimate coming in at $23.40 million and the lowest estimate coming in at $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 company is expected to report its next earnings report on Monday, March 26th.
On average, analysts expect that Finjan will report full-year sales of $20.96 million for the current year, with estimates ranging from $45.57 million to $50.46 million. For the next fiscal year, analysts expect that the firm will report sales of $52.16 million per share, with estimates ranging from $40.27 million to $64.05 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Finjan.
Finjan (NASDAQ:FNJN) last issued its quarterly earnings results on Thursday, November 9th. The software maker reported ($0.16) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.16). Finjan had a net margin of 37.53% and a return on equity of 100.25%.
In related news, major shareholder Seed Iv L. P. Israel sold 13,180 shares of the business’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $2.30, for a total value of $30,314.00. Following the sale, the insider now directly owns 2,810,503 shares in the company, valued at approximately $6,464,156.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Corp Bcpi sold 50,100 shares of the business’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $2.46, for a total value of $123,246.00. The disclosure for this sale can be found here. Insiders sold a total of 454,831 shares of company stock worth $1,094,997 over the last 90 days. 9.64% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Advisor Group Inc. bought a new stake in shares of Finjan during the second quarter valued at about $132,000. Goldman Sachs Group Inc. bought a new stake in shares of Finjan during the second quarter valued at about $148,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Finjan during the second quarter valued at about $162,000. Macquarie Group Ltd. bought a new stake in shares of Finjan during the third quarter valued at about $200,000. Finally, Navellier & Associates Inc bought a new stake in shares of Finjan during the second quarter valued at about $201,000. Hedge funds and other institutional investors own 33.76% of the company’s stock.
Shares of Finjan (NASDAQ FNJN) traded down $0.09 during trading on Wednesday, reaching $1.98. The company had a trading volume of 440,105 shares, compared to its average volume of 398,106. Finjan has a fifty-two week low of $1.28 and a fifty-two week high of $4.06. The company has a market cap of $57.35, a PE ratio of 4.83 and a beta of -0.13.
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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Finjan and related companies with MarketBeat.com's FREE daily email newsletter.