Wall Street analysts predict that Forescout Technologies Inc (NASDAQ:FSCT) will report ($0.45) earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Forescout Technologies’ earnings, with estimates ranging from ($0.45) to ($0.44). The company is expected to report its next quarterly earnings results on Wednesday, May 2nd.
According to Zacks, analysts expect that Forescout Technologies will report full year earnings of ($1.15) per share for the current fiscal year, with EPS estimates ranging from ($1.17) to ($1.13). For the next financial year, analysts anticipate that the firm will post earnings of ($0.37) per share, with EPS estimates ranging from ($0.48) to ($0.23). Zacks’ EPS averages are a mean average based on a survey of research firms that cover Forescout Technologies.
Forescout Technologies (NASDAQ:FSCT) last announced its quarterly earnings data on Thursday, December 7th. The company reported ($1.17) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($1.33) by $0.16.
A number of research analysts recently weighed in on FSCT shares. Bank of America upped their price objective on Forescout Technologies from $35.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. UBS Group set a $30.00 price objective on Forescout Technologies and gave the stock a “buy” rating in a report on Friday, December 8th. Morgan Stanley started coverage on Forescout Technologies in a report on Tuesday, November 21st. They set an “equal weight” rating and a $27.00 price objective on the stock. Citigroup started coverage on Forescout Technologies in a report on Tuesday, November 21st. They set a “neutral” rating and a $27.00 price objective on the stock. Finally, KeyCorp initiated coverage on Forescout Technologies in a report on Tuesday, November 21st. They set an “overweight” rating and a $34.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $31.83.
Shares of Forescout Technologies (NASDAQ:FSCT) traded up $2.12 during mid-day trading on Thursday, reaching $29.69. The company had a trading volume of 149,400 shares, compared to its average volume of 145,070. Forescout Technologies has a 52-week low of $21.56 and a 52-week high of $35.00. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of -0.05.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. American International Group Inc. purchased a new stake in Forescout Technologies during the fourth quarter worth $115,000. The Manufacturers Life Insurance Company purchased a new stake in Forescout Technologies during the fourth quarter worth $134,000. Keybank National Association OH purchased a new stake in Forescout Technologies during the fourth quarter worth $231,000. TIAA CREF Investment Management LLC purchased a new stake in Forescout Technologies during the fourth quarter worth $267,000. Finally, California State Teachers Retirement System purchased a new stake in Forescout Technologies during the fourth quarter worth $268,000. Institutional investors own 4.64% of the company’s stock.
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About Forescout Technologies
ForeScout Technologies, Inc is a United States-based provider of automated security control solutions. The Company transforms security through visibility. It offers enterprises and government organizations the ability to see devices, including non-traditional devices, the instant they connect to the network.
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