Analysts expect that Forescout Technologies Inc (NASDAQ:FSCT) will announce ($0.10) earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Forescout Technologies’ earnings, with estimates ranging from ($0.11) to ($0.10). Forescout Technologies posted earnings per share of ($0.53) in the same quarter last year, which would suggest a positive year-over-year growth rate of 81.1%. The business is expected to report its next earnings results after the market closes on Thursday, November 8th.
According to Zacks, analysts expect that Forescout Technologies will report full year earnings of ($0.95) per share for the current fiscal year, with EPS estimates ranging from ($0.98) to ($0.89). For the next year, analysts forecast that the company will post earnings of ($0.26) per share, with EPS estimates ranging from ($0.37) to ($0.17). Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that follow Forescout Technologies.
Forescout Technologies (NASDAQ:FSCT) last released its earnings results on Thursday, August 9th. The company reported ($0.18) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.37) by $0.19. The business had revenue of $67.59 million for the quarter, compared to analyst estimates of $63.57 million. Forescout Technologies’s quarterly revenue was up 35.2% compared to the same quarter last year. During the same quarter last year, the company earned ($2.31) earnings per share.
A number of equities research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Forescout Technologies from a “buy” rating to a “hold” rating in a report on Wednesday. ValuEngine upgraded shares of Forescout Technologies from a “hold” rating to a “buy” rating in a report on Tuesday. Monness Crespi & Hardt initiated coverage on shares of Forescout Technologies in a report on Monday, July 9th. They set a “buy” rating and a $42.00 target price on the stock. Needham & Company LLC initiated coverage on shares of Forescout Technologies in a report on Friday, September 21st. They issued a “buy” rating and a $47.00 price objective on the stock. Finally, UBS Group raised their price objective on shares of Forescout Technologies from $40.00 to $42.00 and gave the company a “buy” rating in a report on Friday, August 10th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $39.10.
In other news, SVP Darren J. Milliken sold 2,539 shares of the firm’s stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $32.08, for a total value of $81,451.12. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Amadeus Capital Partners Ltd sold 399,812 shares of the firm’s stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $37.63, for a total transaction of $15,044,925.56. The disclosure for this sale can be found here. Insiders sold a total of 1,180,176 shares of company stock worth $43,623,256 over the last 90 days. Company insiders own 36.20% of the company’s stock.
A number of large investors have recently made changes to their positions in FSCT. BlackRock Inc. raised its stake in Forescout Technologies by 128.7% during the 2nd quarter. BlackRock Inc. now owns 2,097,906 shares of the company’s stock worth $71,873,000 after acquiring an additional 1,180,601 shares in the last quarter. Legal & General Group Plc raised its stake in Forescout Technologies by 3,211.5% during the 2nd quarter. Legal & General Group Plc now owns 690,449 shares of the company’s stock worth $23,655,000 after acquiring an additional 669,599 shares in the last quarter. Northern Trust Corp raised its stake in Forescout Technologies by 355.3% during the 2nd quarter. Northern Trust Corp now owns 322,634 shares of the company’s stock worth $11,053,000 after acquiring an additional 251,772 shares in the last quarter. Tygh Capital Management Inc. acquired a new stake in Forescout Technologies during the 2nd quarter worth $4,793,000. Finally, Emerald Advisers Inc. PA raised its stake in Forescout Technologies by 26.5% during the 2nd quarter. Emerald Advisers Inc. PA now owns 617,911 shares of the company’s stock worth $21,170,000 after acquiring an additional 129,530 shares in the last quarter. Hedge funds and other institutional investors own 54.40% of the company’s stock.
Forescout Technologies stock traded up $0.49 during mid-day trading on Friday, reaching $30.33. 318,247 shares of the company’s stock were exchanged, compared to its average volume of 494,123. The firm has a market cap of $1.58 billion and a PE ratio of -3.82. Forescout Technologies has a twelve month low of $21.56 and a twelve month high of $40.96. The company has a quick ratio of 2.16, a current ratio of 2.17 and a debt-to-equity ratio of 0.10.
About Forescout Technologies
ForeScout Technologies, Inc provides network security products in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It offers ForeScout CounterACT agentless technology that discovers, classifies, and assesses IP-based devices; ForeScout extended modules, which represent integrations across vulnerability assessment, advanced threat detection, security incidence and event management, enterprise mobility management, endpoint protection and endpoint detection and response, next generation firewall, privileged access management, and IT systems management vendors, as well as compliance; and ForeScout CounterACT Enterprise Manager, a centralized security management solution for the control of various appliances deployed on an end-customer network, as well as maintenance and professional services.
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