Equities analysts expect that Forescout Technologies Inc (NASDAQ:FSCT) will report $63.38 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for Forescout Technologies’ earnings, with estimates ranging from $62.76 million to $64.00 million. The firm is expected to report its next quarterly earnings results on Thursday, August 9th.
On average, analysts expect that Forescout Technologies will report full year sales of $277.75 million for the current year, with estimates ranging from $275.48 million to $280.40 million. For the next fiscal year, analysts expect that the company will post sales of $336.24 million per share, with estimates ranging from $333.00 million to $339.22 million. Zacks’ sales averages are a mean average based on a survey of research firms that cover Forescout Technologies.
Forescout Technologies (NASDAQ:FSCT) last posted its quarterly earnings results on Thursday, May 10th. The company reported ($0.38) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.45) by $0.07. The firm had revenue of $59.70 million for the quarter, compared to the consensus estimate of $55.91 million. The company’s quarterly revenue was up 41.5% on a year-over-year basis.
A number of brokerages have issued reports on FSCT. UBS Group boosted their price objective on shares of Forescout Technologies from $37.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, April 26th. Zacks Investment Research raised shares of Forescout Technologies from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a research report on Tuesday, April 10th. Stephens began coverage on shares of Forescout Technologies in a research report on Thursday, April 5th. They set an “overweight” rating and a $37.00 price objective on the stock. FBN Securities began coverage on shares of Forescout Technologies in a research report on Thursday, April 5th. They set an “outperform” rating on the stock. Finally, ValuEngine raised shares of Forescout Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, May 2nd. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Forescout Technologies presently has an average rating of “Buy” and a consensus price target of $34.13.
NASDAQ:FSCT traded down $1.23 during midday trading on Friday, reaching $34.05. 3,640,282 shares of the stock traded hands, compared to its average volume of 465,594. Forescout Technologies has a 12 month low of $21.56 and a 12 month high of $37.81. The company has a quick ratio of 2.09, a current ratio of 2.10 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $1.36 billion and a P/E ratio of -4.29.
In other Forescout Technologies news, Director James A. Beer sold 13,170 shares of the business’s stock in a transaction on Wednesday, May 30th. The shares were sold at an average price of $29.97, for a total transaction of $394,704.90. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Enrique T. Salem sold 3,000 shares of the business’s stock in a transaction on Wednesday, June 20th. The shares were sold at an average price of $35.71, for a total transaction of $107,130.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 37,325 shares of company stock worth $1,138,637. Insiders own 36.20% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Northern Trust Corp grew its position in shares of Forescout Technologies by 2.8% in the 1st quarter. Northern Trust Corp now owns 70,862 shares of the company’s stock worth $2,300,000 after buying an additional 1,922 shares during the period. American International Group Inc. purchased a new stake in shares of Forescout Technologies in the 4th quarter worth about $115,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Forescout Technologies in the 4th quarter worth about $134,000. Royal Bank of Canada grew its position in shares of Forescout Technologies by 67,800.0% in the 1st quarter. Royal Bank of Canada now owns 5,432 shares of the company’s stock worth $176,000 after buying an additional 5,424 shares during the period. Finally, New York State Common Retirement Fund grew its position in shares of Forescout Technologies by 190.0% in the 1st quarter. New York State Common Retirement Fund now owns 8,411 shares of the company’s stock worth $273,000 after buying an additional 5,511 shares during the period. 43.64% of the stock is currently owned by hedge funds and other institutional investors.
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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