Somewhat Positive Press Coverage Somewhat Unlikely to Impact Finjan (FNJN) Share Price
Press coverage about Finjan (NASDAQ:FNJN) has trended somewhat positive this week, according to Accern. The research firm ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Finjan earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned headlines about the software maker an impact score of 46.9536181831819 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.
Finjan (NASDAQ FNJN) traded down $0.03 during mid-day trading on Friday, reaching $2.14. The company’s stock had a trading volume of 103,700 shares, compared to its average volume of 250,766. Finjan has a 1-year low of $1.00 and a 1-year high of $4.06. The company has a market cap of $60.13, a P/E ratio of 5.29 and a beta of -0.13.
FNJN has been the subject of a number of recent research reports. B. Riley reiterated a “buy” rating and set a $4.00 price objective on shares of Finjan in a research note on Tuesday, November 21st. TheStreet downgraded Finjan from a “c” rating to a “d+” rating in a research note on Monday, August 28th.
In other Finjan news, major shareholder Corp Bcpi sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $2.33, for a total value of $34,950.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 125,581 shares of company stock valued at $277,817 over the last 90 days. 9.64% of the stock is currently owned by corporate insiders.
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Finjan 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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