Analysts Expect Finjan Holdings, Inc. (FNJN) Will Post Quarterly Sales of $65.00 Million

Brokerages expect Finjan Holdings, Inc. (NASDAQ:FNJN) to post sales of $65.00 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Finjan’s earnings. Finjan reported sales of $24.75 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 162.6%. The firm is expected to report its next earnings report on Thursday, May 10th.

On average, analysts expect that Finjan will report full year sales of $65.00 million for the current financial year, with estimates ranging from $75.15 million to $82.50 million. For the next financial year, analysts forecast that the company will post sales of $67.50 million per share. Zacks’ sales calculations are an average based on a survey of research analysts that cover Finjan.

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Finjan (NASDAQ:FNJN) last posted its quarterly earnings data on Wednesday, March 14th. The software maker reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.14). The company had revenue of $23.43 million for the quarter, compared to analysts’ expectations of $23.40 million.

Separately, B. Riley lifted their price objective on shares of Finjan from $4.00 to $5.00 and gave the company a “buy” rating in a research report on Tuesday, January 2nd.

NASDAQ:FNJN traded down $0.53 during midday trading on Monday, reaching $2.85. The stock had a trading volume of 1,863,454 shares, compared to its average volume of 599,010. Finjan has a 12-month low of $1.66 and a 12-month high of $4.06. The firm has a market cap of $93.69, a price-to-earnings ratio of 8.14 and a beta of -0.69.

In related news, major shareholder Seed Iv L. P. Israel sold 25,109 shares of Finjan stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $2.20, for a total value of $55,239.80. Following the transaction, the insider now directly owns 2,917,053 shares in the company, valued at approximately $6,417,516.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Corp Bcpi sold 50,100 shares of Finjan stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $2.46, for a total transaction of $123,246.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,919,867 shares of company stock worth $5,125,805. 9.64% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the business. Municipal Employees Retirement System of Michigan purchased a new stake in shares of Finjan during the 4th quarter worth $420,000. Deutsche Bank AG boosted its position in shares of Finjan by 16.6% during the 4th quarter. Deutsche Bank AG now owns 150,400 shares of the software maker’s stock worth $324,000 after purchasing an additional 21,400 shares in the last quarter. Globeflex Capital L P boosted its position in shares of Finjan by 39.2% during the 4th quarter. Globeflex Capital L P now owns 76,700 shares of the software maker’s stock worth $166,000 after purchasing an additional 21,600 shares in the last quarter. B. Riley Financial Inc. boosted its position in shares of Finjan by 15.1% during the 4th quarter. B. Riley Financial Inc. now owns 2,374,955 shares of the software maker’s stock worth $5,130,000 after purchasing an additional 311,604 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Finjan by 128.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 400,732 shares of the software maker’s stock worth $942,000 after purchasing an additional 225,251 shares in the last quarter. Institutional investors own 35.68% of the company’s stock.

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About Finjan

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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