Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Finjan Holdings (FNJN) Share Price
News coverage about Finjan Holdings (NASDAQ:FNJN) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Finjan Holdings earned a coverage optimism score of 0.10 on Accern’s scale. Accern also assigned news stories about the software maker an impact score of 45.2245783154541 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- Finjan Holdings’ (FNJN) CEO Phil Hartstein On Finjan And IBM Entering A Patent Acquisition And Development Agreement (Transcript) (seekingalpha.com)
- Finjan Holdings, Inc. (FNJN) Stock Rating Lowered by TheStreet (americanbankingnews.com)
- Finjan (FNJN) Buys IBM Cybersecurity Patents to Monetize (finance.yahoo.com)
- Finjan Announces Formation of New Subsidiary, Finjan Blue (investingnews.com)
- Finjan : Announces Formation of New Subsidiary, Finjan Blue, Inc. (4-traders.com)
Finjan Holdings (FNJN) traded down 2.82% during mid-day trading on Friday, reaching $2.41. 89,202 shares of the company traded hands. Finjan Holdings has a 12-month low of $1.00 and a 12-month high of $4.06. The company’s 50 day moving average price is $2.88 and its 200 day moving average price is $2.43. The firm has a market capitalization of $66.18 million, a P/E ratio of 6.73 and a beta of -0.79.
Finjan Holdings (NASDAQ:FNJN) last released its earnings results on Thursday, August 10th. The software maker reported ($0.29) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by $0.17. Finjan Holdings had a return on equity of 169.10% and a net margin of 37.53%. The business had revenue of $2.31 million during the quarter, compared to analysts’ expectations of $2.32 million. Equities research analysts predict that Finjan Holdings will post $0.18 EPS for the current year.
Several analysts recently weighed in on FNJN shares. B. Riley reiterated a “buy” rating and issued a $4.00 price target on shares of Finjan Holdings in a report on Tuesday, May 16th. TheStreet cut shares of Finjan Holdings from a “c” rating to a “d+” rating in a report on Monday.
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In other Finjan Holdings news, major shareholder Seed Iv L. P. Israel sold 87,342 shares of the stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of $3.49, for a total value of $304,823.58. Following the sale, the insider now owns 3,187,786 shares in the company, valued at $11,125,373.14. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Corp Bcpi sold 32,000 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $3.06, for a total value of $97,920.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,469,837 shares of company stock worth $4,910,757. Insiders own 9.64% of the company’s stock.
Finjan Holdings Company Profile
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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