Finjan (FJNJ) Soaring on Possible Licensing and Enforcement News

Stephen L Kanaval  |

Finjan Holdings, Inc. (FNJN), the company that holds many of the patents on common cyber security protections systems, has been steadily rising. Over a period last week, shares rose 22%. They recently announced a $10.2 million Series A Prefered Stock offering . An Innovative cyber security company will use the money to pursue licensing and enforcement. Phil Hartstein, President and CEO of Finjan said this in the press release:

Finjan has a rich 20-year history in developing cyber security technology which is captured in our valuable and durable portfolio of patents… As a result of this non-convertible Series A financing, the investment flows directly onto our balance sheet and ensures we continue to operate our business and pursue licensing and enforcement efforts at a vigorous pace. This equity partnership with Halcyon and Soryn represents the Company's first capital raise since going public and reflects more than just financing as it renews confidence in the foundation of Finjan's historical licensing and enforcement results and supports ongoing operations.

Based on Hartstein’s language, the company is about to start calling some of its competitors who have borrowed Finjan’s technology. As of last week, the stock’s 50 day moving average is 1.15 and its 200 day moving average is 1.15. The stock’s market capitalization is 27.94M. Finjan Holdings, Inc. has a 52-week low of 0.81 and a 52-week high of 2.80.

Many analysts have quickly updated their analysis of Finjan asking if it can hit $5.

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Companies

Symbol Name Price Change % Volume
FNJN Finjan Holdings Inc. 2.26 -0.03 -1.31 343,657 Trade

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