$4.00 Million in Sales Expected for Finjan Holdings Inc (FNJN) This Quarter

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Equities research analysts expect Finjan Holdings Inc (NASDAQ:FNJN) to post $4.00 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Finjan’s earnings, with estimates ranging from $2.00 million to $5.00 million. The firm is expected to report its next quarterly earnings report on Thursday, November 8th.

According to Zacks, analysts expect that Finjan will report full-year sales of $105.87 million for the current financial year, with estimates ranging from $99.30 million to $118.00 million. For the next year, analysts expect that the business will report sales of $81.25 million, with estimates ranging from $75.00 million to $87.50 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Finjan.

Finjan (NASDAQ:FNJN) last issued its quarterly earnings data on Thursday, August 2nd. The software maker reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.30. The firm had revenue of $17.30 million during the quarter, compared to analyst estimates of $7.50 million.

A number of research analysts have commented on the company. ValuEngine raised Finjan from a “hold” rating to a “buy” rating in a report on Monday, October 8th. TheStreet upgraded Finjan from a “c+” rating to a “b-” rating in a research report on Tuesday, August 14th.

In other news, CEO Philip Hartstein sold 77,500 shares of the company’s stock in a transaction on Monday, October 8th. The stock was sold at an average price of $5.15, for a total transaction of $399,125.00. Following the completion of the sale, the chief executive officer now directly owns 130,250 shares in the company, valued at approximately $670,787.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Daniel Robert Chinn sold 5,000 shares of the company’s stock in a transaction on Monday, October 8th. The shares were sold at an average price of $5.48, for a total value of $27,400.00. Following the sale, the director now owns 5,000 shares of the company’s stock, valued at $27,400. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 87,500 shares of company stock valued at $448,325. Corporate insiders own 8.81% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Russell Investments Group Ltd. lifted its position in shares of Finjan by 208.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 34,325 shares of the software maker’s stock worth $150,000 after buying an additional 23,206 shares during the last quarter. Sphinx Trading LP bought a new stake in shares of Finjan during the 2nd quarter worth $153,000. BlackRock Inc. lifted its position in shares of Finjan by 144.4% during the 2nd quarter. BlackRock Inc. now owns 54,696 shares of the software maker’s stock worth $186,000 after buying an additional 32,313 shares during the last quarter. Spark Investment Management LLC bought a new stake in shares of Finjan during the 2nd quarter worth $235,000. Finally, Fondren Management LP bought a new stake in shares of Finjan during the 2nd quarter worth $350,000. Institutional investors and hedge funds own 54.53% of the company’s stock.

Shares of NASDAQ FNJN opened at $3.64 on Thursday. Finjan has a one year low of $1.66 and a one year high of $5.54. The firm has a market capitalization of $95.36 million, a price-to-earnings ratio of 10.40 and a beta of -0.70.

Finjan Company Profile

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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Earnings History and Estimates for Finjan (NASDAQ:FNJN)

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