Analysts Expect Forescout Technologies Inc (NASDAQ:FSCT) Will Announce Quarterly Sales of $94.94 Million

Analysts expect that Forescout Technologies Inc (NASDAQ:FSCT) will announce sales of $94.94 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Forescout Technologies’ earnings, with estimates ranging from $94.84 million to $95.03 million. Forescout Technologies posted sales of $84.73 million in the same quarter last year, which suggests a positive year-over-year growth rate of 12.1%. The company is scheduled to issue its next earnings results on Thursday, February 6th.

On average, analysts expect that Forescout Technologies will report full-year sales of $340.27 million for the current fiscal year, with estimates ranging from $340.00 million to $340.50 million. For the next financial year, analysts forecast that the company will report sales of $391.34 million, with estimates ranging from $379.93 million to $410.00 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Forescout Technologies.

Forescout Technologies (NASDAQ:FSCT) last released its quarterly earnings data on Wednesday, November 6th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The company had revenue of $91.62 million during the quarter, compared to analyst estimates of $90.99 million. Forescout Technologies had a negative net margin of 35.27% and a negative return on equity of 101.79%. The business’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.10) EPS.

A number of brokerages recently issued reports on FSCT. Needham & Company LLC reissued a “hold” rating on shares of Forescout Technologies in a research report on Thursday, November 7th. Monness Crespi & Hardt reduced their price objective on Forescout Technologies from $49.00 to $39.00 and set a “buy” rating for the company in a research note on Friday, October 11th. JPMorgan Chase & Co. downgraded Forescout Technologies from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $54.00 to $35.00 in a report on Thursday, October 10th. Macquarie set a $33.00 price objective on Forescout Technologies and gave the company a “hold” rating in a report on Friday, October 11th. Finally, ValuEngine lowered shares of Forescout Technologies from a “buy” rating to a “hold” rating in a research report on Monday, October 21st. One analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. Forescout Technologies presently has an average rating of “Hold” and an average price target of $37.22.

In related news, SVP Darren J. Milliken sold 2,800 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $44.60, for a total transaction of $124,880.00. Also, CFO Christopher Harms sold 9,815 shares of Forescout Technologies stock in a transaction on Friday, September 13th. The shares were sold at an average price of $36.16, for a total transaction of $354,910.40. Insiders sold a total of 258,602 shares of company stock worth $8,573,212 in the last 90 days. 13.80% of the stock is currently owned by insiders.

A number of institutional investors have recently made changes to their positions in FSCT. Tower Research Capital LLC TRC acquired a new stake in shares of Forescout Technologies in the 3rd quarter worth $25,000. Russell Investments Group Ltd. acquired a new stake in Forescout Technologies in the third quarter valued at about $77,000. NumerixS Investment Technologies Inc acquired a new stake in Forescout Technologies in the second quarter valued at about $78,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Forescout Technologies by 202.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,082 shares of the company’s stock valued at $104,000 after purchasing an additional 2,064 shares in the last quarter. Finally, Aperio Group LLC purchased a new stake in Forescout Technologies in the 2nd quarter valued at approximately $118,000. Institutional investors own 72.55% of the company’s stock.

Shares of Forescout Technologies stock traded down $0.64 on Tuesday, hitting $33.60. The stock had a trading volume of 419,581 shares, compared to its average volume of 614,188. Forescout Technologies has a 52-week low of $22.01 and a 52-week high of $46.43. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.38. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of -19.42 and a beta of 1.57. The company’s 50 day moving average price is $32.16 and its 200 day moving average price is $34.35.

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 CounterACT that provides for visibility and control capabilities across campus information technology and Internet of Things (IoT) devices, operational technology devices, data center physical and virtual devices, and cloud virtual devices; and SilentDefense, which offers visibility and control capabilities within the operational technology portion of the network.

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