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Fly News Breaks for September 11, 2017
SYMC, FNJN
Sep 11, 2017 | 05:47 EDT
B. Riley analyst Andrew D'Silva says Finjan Holdings (FNJN) is one step closer to either collecting a large jury award or crafting an even larger global settlement and cross license after the United States Court of Appeals for the Federal Circuit heard Symantec (SYMC) unit Blue Coat's appeal. The analyst believes Blue Coat will be "left on the hook" for not only the $39.5M awarded to Finjan but also for continued infringement of additional Finjan intellectual property. He has a Buy rating on Finjan shares with a $4 price target.
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