Brokerages predict that Forescout Technologies Inc (NASDAQ:FSCT) will announce earnings per share (EPS) of ($0.10) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Forescout Technologies’ earnings. The lowest EPS estimate is ($0.11) and the highest is ($0.10). Forescout Technologies posted earnings of ($0.53) per share in the same quarter last year, which would indicate a positive year over year growth rate of 81.1%. The business is scheduled to report its next earnings report after the market closes on Thursday, November 8th.
On average, analysts expect that Forescout Technologies will report full-year earnings of ($0.95) per share for the current financial year, with EPS estimates ranging from ($0.98) to ($0.89). For the next year, analysts expect that the firm will report earnings of ($0.26) per share, with EPS estimates ranging from ($0.37) to ($0.17). Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Forescout Technologies.
Forescout Technologies (NASDAQ:FSCT) last issued its quarterly earnings data on Thursday, August 9th. The company reported ($0.18) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.37) by $0.19. The firm had revenue of $67.59 million during the quarter, compared to the consensus estimate of $63.57 million. The company’s revenue for the quarter was up 35.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($2.31) earnings per share.
Several analysts recently weighed in on FSCT shares. JPMorgan Chase & Co. lifted their price objective on shares of Forescout Technologies to $46.00 and gave the company an “overweight” rating in a research report on Friday, August 10th. Citigroup boosted their price target on shares of Forescout Technologies from $33.00 to $38.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 24th. Needham & Company LLC started coverage on shares of Forescout Technologies in a research report on Friday, September 21st. They set a “buy” rating and a $47.00 price target on the stock. Zacks Investment Research upgraded shares of Forescout Technologies from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research report on Tuesday, July 24th. Finally, UBS Group boosted their price target on shares of Forescout Technologies from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Friday, August 10th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $39.36.
In other Forescout Technologies news, Chairman Yehezkel Yeshurun sold 35,000 shares of the business’s stock in a transaction dated Monday, August 13th. The shares were sold at an average price of $34.79, for a total transaction of $1,217,650.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director T Kent Elliott sold 30,453 shares of the business’s stock in a transaction dated Wednesday, October 10th. The stock was sold at an average price of $31.09, for a total transaction of $946,783.77. The disclosure for this sale can be found here. Insiders have sold a total of 1,180,176 shares of company stock worth $43,623,256 over the last 90 days. 36.20% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Essex Investment Management Co. LLC raised its holdings in shares of Forescout Technologies by 24.4% in the 3rd quarter. Essex Investment Management Co. LLC now owns 10,783 shares of the company’s stock worth $407,000 after purchasing an additional 2,116 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Forescout Technologies by 355.3% in the 2nd quarter. Northern Trust Corp now owns 322,634 shares of the company’s stock worth $11,053,000 after purchasing an additional 251,772 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Forescout Technologies by 244.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 116,104 shares of the company’s stock worth $3,977,000 after purchasing an additional 82,356 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Forescout Technologies by 100.1% in the 2nd quarter. Millennium Management LLC now owns 248,659 shares of the company’s stock worth $8,519,000 after purchasing an additional 124,368 shares in the last quarter. Finally, Trustees of Princeton University bought a new stake in shares of Forescout Technologies in the 2nd quarter worth approximately $555,000. Institutional investors and hedge funds own 54.40% of the company’s stock.
NASDAQ:FSCT traded up $0.19 during mid-day trading on Friday, hitting $30.11. The stock had a trading volume of 3,041 shares, compared to its average volume of 493,757. The company has a market cap of $1.58 billion and a PE ratio of -3.80. Forescout Technologies has a 52 week low of $21.56 and a 52 week 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.
Forescout Technologies Company Profile
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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