Wall Street brokerages predict that Finjan Holdings Inc (NASDAQ:FNJN) will post ($0.08) earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Finjan’s earnings, with the lowest EPS estimate coming in at ($0.10) and the highest estimate coming in at ($0.04). Finjan reported earnings of ($0.16) per share in the same quarter last year, which would indicate a positive year over year growth rate of 50%. The company is expected to announce its next earnings results on Thursday, November 8th.
According to Zacks, analysts expect that Finjan will report full year earnings of $1.49 per share for the current financial year, with EPS estimates ranging from $1.25 to $1.77. For the next year, analysts expect that the company will report earnings of $1.10 per share, with EPS estimates ranging from $1.09 to $1.10. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Finjan.
Finjan (NASDAQ:FNJN) last announced its quarterly earnings data on Thursday, August 2nd. The software maker reported $0.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.30. The company had revenue of $17.30 million during the quarter, compared to the consensus estimate of $7.50 million.
Several equities analysts have recently weighed in on FNJN shares. TheStreet upgraded Finjan from a “c+” rating to a “b-” rating in a report on Tuesday, August 14th. ValuEngine upgraded Finjan from a “hold” rating to a “buy” rating in a report on Monday, October 8th.
Shares of NASDAQ FNJN traded down $0.02 during mid-day trading on Friday, hitting $4.09. The company had a trading volume of 642,226 shares, compared to its average volume of 503,905. The stock has a market capitalization of $117.42 million, a price-to-earnings ratio of 11.69 and a beta of -0.69. Finjan has a one year low of $1.66 and a one year high of $5.54.
In related news, CFO Michael David Noonan sold 23,502 shares of Finjan stock in a transaction that occurred on Wednesday, July 18th. The shares were sold at an average price of $5.01, for a total value of $117,745.02. Following the transaction, the chief financial officer now directly owns 59,500 shares of the company’s stock, valued at $298,095. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Philip Hartstein sold 33,750 shares of Finjan stock in a transaction that occurred on Wednesday, July 18th. The shares were sold at an average price of $5.01, for a total transaction of $169,087.50. Following the completion of the transaction, the chief executive officer now directly owns 72,750 shares in the company, valued at $364,477.50. The disclosure for this sale can be found here. Insiders sold a total of 144,752 shares of company stock valued at $735,158 over the last quarter. 8.81% of the stock is currently owned by company insiders.
A number of large investors have recently made changes to their positions in the stock. Fondren Management LP bought a new stake in shares of Finjan during the second quarter worth $350,000. Millennium Management LLC bought a new stake in shares of Finjan during the second quarter worth $880,000. Southpaw Asset Management LP grew its stake in shares of Finjan by 4.0% during the second quarter. Southpaw Asset Management LP now owns 2,622,389 shares of the software maker’s stock worth $8,916,000 after buying an additional 100,000 shares during the last quarter. Alambic Investment Management L.P. bought a new stake in shares of Finjan during the second quarter worth $494,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of Finjan by 42.1% during the second quarter. Dimensional Fund Advisors LP now owns 802,012 shares of the software maker’s stock worth $2,727,000 after buying an additional 237,555 shares during the last quarter. 55.79% of the stock is currently owned by institutional investors and hedge funds.
Finjan Holdings, Inc, a cybersecurity company, provides intellectual property licensing and enforcement services in the United States and internationally. 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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