Q1 2018 Earnings Forecast for Forescout Technologies Inc Issued By KeyCorp (FSCT)

Forescout Technologies Inc (NASDAQ:FSCT) – KeyCorp dropped their Q1 2018 EPS estimates for shares of Forescout Technologies in a report released on Wednesday. KeyCorp analyst R. Owens now expects that the company will post earnings of ($0.44) per share for the quarter, down from their prior forecast of ($0.43). KeyCorp has a “Overweight” rating and a $34.00 price objective on the stock. KeyCorp also issued estimates for Forescout Technologies’ Q2 2018 earnings at ($0.39) EPS, Q3 2018 earnings at ($0.15) EPS, Q4 2018 earnings at ($0.15) EPS and FY2018 earnings at ($1.13) EPS.

Forescout Technologies (NASDAQ:FSCT) last released its quarterly earnings data on Thursday, December 7th. The company reported ($1.17) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.33) by $0.16.

Several other brokerages also recently weighed in on FSCT. Bank of America increased their target price on shares of Forescout Technologies from $35.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday. UBS Group set a $30.00 target price on shares of Forescout Technologies and gave the stock a “buy” rating in a research note on Friday, December 8th. Morgan Stanley set a $31.00 target price on shares of Forescout Technologies and gave the stock a “hold” rating in a research note on Thursday. Citigroup initiated coverage on shares of Forescout Technologies in a research note on Tuesday, November 21st. They set a “neutral” rating and a $27.00 target price for the company. Finally, JPMorgan Chase & Co. initiated coverage on shares of Forescout Technologies in a research note on Tuesday, November 21st. They set an “overweight” rating and a $33.00 target price for the company. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $31.83.

Shares of Forescout Technologies (NASDAQ:FSCT) opened at $28.16 on Monday. Forescout Technologies has a 12 month low of $21.56 and a 12 month 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.

Several institutional investors and hedge funds have recently made changes to their positions in FSCT. American International Group Inc. acquired a new stake in shares of Forescout Technologies during the fourth quarter worth about $115,000. The Manufacturers Life Insurance Company acquired a new stake in Forescout Technologies in the fourth quarter valued at about $134,000. Keybank National Association OH acquired a new stake in Forescout Technologies in the fourth quarter valued at about $231,000. Bank of New York Mellon Corp acquired a new stake in Forescout Technologies in the fourth quarter valued at about $315,000. Finally, Schwab Charles Investment Management Inc. acquired a new stake in Forescout Technologies in the fourth quarter valued at about $555,000. Institutional investors and hedge funds own 1.32% of the company’s stock.

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Forescout Technologies Company Profile

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.

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

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