Forescout Technologies Inc (FSCT) Expected to Post Earnings of -$0.38 Per Share

Wall Street brokerages predict that Forescout Technologies Inc (NASDAQ:FSCT) will report earnings of ($0.38) per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Forescout Technologies’ earnings. The highest EPS estimate is ($0.37) and the lowest is ($0.38). The business is scheduled to report its next quarterly earnings report on Thursday, August 9th.

According to Zacks, analysts expect that Forescout Technologies will report full year earnings of ($1.03) per share for the current financial year, with EPS estimates ranging from ($1.05) to ($1.02). For the next financial year, analysts expect that the firm will post earnings of ($0.30) per share, with EPS estimates ranging from ($0.42) to ($0.21). Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Forescout Technologies.

Forescout Technologies (NASDAQ:FSCT) last announced its quarterly earnings data on Thursday, May 10th. The company reported ($0.38) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.45) by $0.07. The company had revenue of $59.70 million during the quarter, compared to the consensus estimate of $55.91 million. The company’s quarterly revenue was up 41.5% compared to the same quarter last year.

A number of equities analysts recently commented on the company. UBS Group upped their target price on Forescout Technologies from $37.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, April 26th. Zacks Investment Research upgraded Forescout Technologies from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a report on Tuesday, April 10th. ValuEngine upgraded Forescout Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, May 2nd. FBN Securities assumed coverage on Forescout Technologies in a report on Thursday, April 5th. They set an “outperform” rating for the company. Finally, Stephens assumed coverage on Forescout Technologies in a report on Thursday, April 5th. They set an “overweight” rating and a $37.00 target price for the company. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $34.13.

FSCT stock traded up $0.46 during midday trading on Monday, hitting $34.72. The company had a trading volume of 9,032 shares, compared to its average volume of 995,611. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.09 and a current ratio of 2.10. Forescout Technologies has a 52 week low of $21.56 and a 52 week high of $37.81. The company has a market capitalization of $1.35 billion and a P/E ratio of -4.36.

In related news, Director Enrique T. Salem sold 3,000 shares of the company’s stock in a transaction on Wednesday, June 20th. The stock was sold at an average price of $35.71, for a total value of $107,130.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Darren J. Milliken sold 17,285 shares of the company’s stock in a transaction on Wednesday, May 16th. The stock was sold at an average price of $29.82, for a total value of $515,438.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,325 shares of company stock valued at $1,138,637. 36.20% of the stock is owned by corporate insiders.

A number of hedge funds have recently modified their holdings of FSCT. Schwab Charles Investment Management Inc. purchased a new stake in Forescout Technologies in the fourth quarter worth $555,000. Wells Fargo & Company MN purchased a new stake in Forescout Technologies in the fourth quarter worth $4,279,000. The Manufacturers Life Insurance Company purchased a new stake in Forescout Technologies in the fourth quarter worth $134,000. Bank of New York Mellon Corp purchased a new stake in Forescout Technologies in the fourth quarter worth $315,000. Finally, BlackRock Inc. purchased a new stake in Forescout Technologies in the fourth quarter worth $14,708,000. 43.64% of the stock is currently owned by institutional investors.

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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Earnings History and Estimates for Forescout Technologies (NASDAQ:FSCT)

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