Finjan (NASDAQ:FNJN) Announces Earnings Results

Finjan (NASDAQ:FNJN) released its quarterly earnings results on Thursday. The software maker reported ($0.07) EPS for the quarter, Fidelity Earnings reports. The business had revenue of $7.25 million during the quarter, compared to analyst estimates of $7.25 million.

FNJN traded down $0.02 during midday trading on Friday, reaching $2.13. 46,267 shares of the company’s stock traded hands, compared to its average volume of 86,828. The firm has a fifty day moving average price of $2.22. The company has a market cap of $59.36 million, a PE ratio of 3.04 and a beta of 0.36. The company has a quick ratio of 5.56, a current ratio of 5.56 and a debt-to-equity ratio of 0.04. Finjan has a 52 week low of $2.07 and a 52 week high of $5.54.

A number of research firms have commented on FNJN. Zacks Investment Research raised Finjan from a “sell” rating to a “hold” rating in a research report on Wednesday, July 10th. ValuEngine raised Finjan from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Finally, B. Riley set a $5.00 price target on Finjan and gave the company a “buy” rating in a research report on Wednesday, July 31st. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $4.25.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. DekaBank Deutsche Girozentrale bought a new position in Finjan in the second quarter worth approximately $493,000. Municipal Employees Retirement System of Michigan raised its stake in Finjan by 36.2% in the second quarter. Municipal Employees Retirement System of Michigan now owns 137,660 shares of the software maker’s stock worth $306,000 after buying an additional 36,580 shares in the last quarter. Shufro Rose & Co. LLC raised its stake in Finjan by 23.3% in the second quarter. Shufro Rose & Co. LLC now owns 26,500 shares of the software maker’s stock worth $59,000 after buying an additional 5,000 shares in the last quarter. Clear Street Markets LLC raised its stake in Finjan by 11.3% in the second quarter. Clear Street Markets LLC now owns 301,100 shares of the software maker’s stock worth $668,000 after buying an additional 30,600 shares in the last quarter. Finally, Alpine Global Management LLC raised its stake in Finjan by 243.1% in the second quarter. Alpine Global Management LLC now owns 739,685 shares of the software maker’s stock worth $1,642,000 after buying an additional 524,118 shares in the last quarter. 57.42% of the stock is owned by institutional investors and hedge funds.

About Finjan

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 for Finjan (NASDAQ:FNJN)

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