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Finjan Holdings Inc
Finjan Holdings, Inc., incorporated on February 18, 1997, is a public holding company listed on the OTC-QB, ticker symbol FNJN. Finjan is a global provider of cybersecurity solutions for difficult-to-secure endpoints, announced that it has renewed its partnership with an American multinational technology corporation and a leader in software, personal computers, and technology services.
Finjan Holdings Inc reported on its 2022 fiscal year's second-quarter earnings. Finjan Holdings Inc's second-quarter earnings were -$0.17 per share, missing the Zacks Consensus Estimate of -$0.12 per share. This compares to loss of $0.09 per share a year ago. These figures are Adjusted earnings per share.
Finjan Holdings has not demonstrated revenue growth over the past year, which makes it difficult for the company to compete with its peers and the broader market. Presently, the return on equity is recorded at -0.04%. ROE is realized as income remaining to common shareholders divided by the company's total equity. Last quarter marked the second consecutive quarter that the company has seen improvements in profit margin.
It is expected that this newly renewed alliance is expected to foster additional growth and licensing opportunities for FINJ, taking advantage of the increased demand for secured online and device-based security solutions.
Finjan Holdings has yet to demonstrate revenue growth over the past year, making it difficult for the company to compete with its peers and the broader market. At the moment, the return on equity is recorded at -0.04%. ROE is realized as income remaining to common shareholders divided by the company's total equity. The second quarter marked the second consecutive quarter that the company saw an improvement in profit margins.
Finjan markets its cybersecurity solutions as a group of software and intellectual property licensing agreements based on proactive behaviour, anomaly detection, and inspecting suspicious code. Finjan has experienced a more streamlined business model since its transformation, positioning itself for growth through partnerships and value-added services. It has a strong portfolio of intellectual property and patents.
Although its stock has fallen by -73.4% over the past year, Finjan Holdings' price-to-earnings ratio has somewhat improved by 34.4%. In contrast, its industry fell by 1.1%.
Finjan has an earnings growth rate forecast of -80% for the next five years. This suggests that Finjan's adverse circumstances almost guarantee a decline following a 73.4% drop in the stock over the past year.
Finjan declares $0.125 dividend; On October 17, Finjan announced that its Board of Directors had approved a $0.125 per share quarterly dividend. The dividend is payable on November 4, 2022, to common stock shareholders as of the close of business on October 27, 2022.
The company's financial and business model is not strong enough to increase investor's confidence.