Analysts expect ForeScout Technologies (NASDAQ:FSCT) to post $55.78 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for ForeScout Technologies’ earnings. The highest sales estimate is $56.10 million and the lowest is $55.45 million. The firm is expected to issue its next earnings results on Wednesday, May 2nd.

On average, analysts expect that ForeScout Technologies will report full year sales of $266.39 million for the current financial year, with estimates ranging from $264.10 million to $270.01 million. For the next financial year, analysts forecast that the company will report sales of $322.79 million per share, with estimates ranging from $319.85 million to $327.41 million. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for ForeScout Technologies.

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ForeScout Technologies (NASDAQ:FSCT) last announced its quarterly earnings data on Wednesday, February 7th. The company reported ($1.32) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.35) by ($0.97). The business had revenue of $65.96 million during the quarter, compared to analysts’ expectations of $62.38 million.

Several equities analysts have recently issued reports on FSCT shares. Bank of America boosted their target price on ForeScout Technologies from $35.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. Stephens started coverage on ForeScout Technologies in a research note on Thursday, April 5th. They set an “overweight” rating and a $37.00 target price on the stock. Zacks Investment Research raised ForeScout Technologies from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a research note on Tuesday, April 10th. FBN Securities started coverage on ForeScout Technologies in a research note on Thursday, April 5th. They set an “outperform” rating on the stock. Finally, Morgan Stanley set a $31.00 target price on ForeScout Technologies and gave the company a “hold” rating in a research note on Thursday, February 8th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $32.88.

FSCT stock traded up $2.52 during midday trading on Monday, hitting $35.45. The company had a trading volume of 741,206 shares, compared to its average volume of 263,547. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.75 and a current ratio of 1.77. ForeScout Technologies has a 52 week low of $21.56 and a 52 week high of $37.79. The company has a market capitalization of $1,295.24 and a P/E ratio of -4.47.

In other news, CEO Michael Decesare sold 210,000 shares of the business’s stock in a transaction that occurred on Friday, March 23rd. The stock was sold at an average price of $27.64, for a total transaction of $5,804,400.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Christopher Harms sold 46,169 shares of the business’s stock in a transaction that occurred on Friday, March 23rd. The shares were sold at an average price of $27.64, for a total value of $1,276,111.16. The disclosure for this sale can be found here. Insiders have sold 1,801,916 shares of company stock worth $49,804,958 over the last three months.

Hedge funds have recently modified their holdings of the stock. Gilder Gagnon Howe & Co. LLC purchased a new stake in ForeScout Technologies in the fourth quarter worth $20,081,000. Albert D Mason Inc. purchased a new stake in ForeScout Technologies in the fourth quarter worth $596,000. HBK Investments L P purchased a new stake in ForeScout Technologies in the fourth quarter worth $3,986,000. Bain Capital Public Equity Management LLC purchased a new stake in ForeScout Technologies in the fourth quarter worth $3,986,000. Finally, Keybank National Association OH purchased a new stake in ForeScout Technologies in the fourth quarter worth $231,000. 35.33% of the stock is currently owned by institutional investors.

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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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