Forescout Technologies (FSCT) Set to Announce Earnings on Thursday

Forescout Technologies (NASDAQ:FSCT) is scheduled to issue its quarterly earnings data after the market closes on Thursday, November 8th. Analysts expect the company to announce earnings of ($0.10) per share for the quarter. Forescout Technologies has set its Q3 guidance at ($0.12-0.10) EPS and its FY18 guidance at ($1.02-0.94) EPS.

Forescout Technologies (NASDAQ:FSCT) last posted its quarterly earnings results on Thursday, August 9th. The company reported ($0.18) EPS for the quarter, topping the consensus estimate of ($0.37) by $0.19. The firm had revenue of $67.59 million for the quarter, compared to analyst estimates of $63.57 million. During the same quarter last year, the firm earned ($2.31) EPS. The company’s revenue was up 35.2% on a year-over-year basis. On average, analysts expect Forescout Technologies to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

NASDAQ FSCT opened at $27.54 on Thursday. 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 has a 52 week low of $21.56 and a 52 week high of $40.96. The company has a market cap of $1.17 billion and a price-to-earnings ratio of -3.51.



FSCT has been the subject of several analyst reports. ValuEngine upgraded shares of Forescout Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, October 9th. Zacks Investment Research upgraded shares of Forescout Technologies from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a report on Tuesday, October 9th. Needham & Company LLC initiated coverage on shares of Forescout Technologies in a report on Friday, September 21st. They set a “buy” rating and a $47.00 price target for the company. 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 report on Friday, August 10th. Finally, Monness Crespi & Hardt initiated coverage on shares of Forescout Technologies in a report on Monday, July 9th. They set a “buy” rating and a $42.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Forescout Technologies has a consensus rating of “Buy” and an average target price of $39.09.

In other news, SVP Darren J. Milliken sold 2,539 shares of the business’s stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $32.08, for a total transaction of $81,451.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Enrique T. Salem sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 5th. The stock was sold at an average price of $35.84, for a total transaction of $107,520.00. The disclosure for this sale can be found here. Insiders have sold a total of 1,184,714 shares of company stock valued at $43,727,977 in the last 90 days. Insiders own 36.20% of the company’s stock.

A hedge fund recently raised its stake in Forescout Technologies stock. Bank of New York Mellon Corp lifted its stake in shares of Forescout Technologies Inc (NASDAQ:FSCT) by 244.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 116,104 shares of the company’s stock after buying an additional 82,356 shares during the quarter. Bank of New York Mellon Corp owned about 0.28% of Forescout Technologies worth $3,977,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 54.33% of the company’s stock.

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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