News coverage about ForeScout Technologies (NASDAQ:FSCT) has trended somewhat positive recently, according to Accern. The research group identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. ForeScout Technologies earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave media stories about the company an impact score of 46.0811284342459 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the media stories that may have impacted Accern Sentiment’s analysis:
FSCT has been the subject of several research analyst reports. Bank of America upped their price target on shares of ForeScout Technologies from $35.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Stephens initiated coverage on shares of ForeScout Technologies in a research report on Thursday. They issued an “overweight” rating and a $37.00 price target for the company. FBN Securities initiated coverage on shares of ForeScout Technologies in a research report on Thursday. They issued an “outperform” rating for the company. Finally, Morgan Stanley set a $31.00 price target on shares of ForeScout Technologies and gave the company a “hold” rating in a research report on Thursday, February 8th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $32.57.
FSCT stock traded down $0.03 during midday trading on Friday, reaching $32.91. The company had a trading volume of 300,035 shares, compared to its average volume of 547,999. ForeScout Technologies has a 1 year low of $21.56 and a 1 year high of $37.79. The company has a quick ratio of 1.75, a current ratio of 1.77 and a debt-to-equity ratio of 0.29. The company has a market cap of $1,289.81 and a price-to-earnings ratio of -4.15.
ForeScout Technologies (NASDAQ:FSCT) last released its earnings results on Wednesday, February 7th. The company reported ($1.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.97). The business had revenue of $65.96 million for the quarter, compared to the consensus estimate of $62.38 million. research analysts anticipate that ForeScout Technologies will post -1.12 EPS for the current year.
In other ForeScout Technologies news, CFO Christopher Harms sold 46,169 shares of the stock in a transaction that occurred on Friday, March 23rd. The shares were sold at an average price of $27.64, for a total value of $1,276,111.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael Decesare sold 210,000 shares of the stock in a transaction that occurred on Friday, March 23rd. The stock was sold at an average price of $27.64, for a total transaction of $5,804,400.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,801,916 shares of company stock valued at $49,804,958.
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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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