Wall Street analysts expect Forescout Technologies Inc (NASDAQ:FSCT) to announce earnings per share of ($0.47) for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Forescout Technologies’ earnings. The highest EPS estimate is ($0.46) and the lowest is ($0.48). Forescout Technologies posted earnings per share of ($0.18) during the same quarter last year, which would indicate a negative year-over-year growth rate of 161.1%. The business is scheduled to report its next quarterly earnings report on Thursday, August 8th.

On average, analysts expect that Forescout Technologies will report full-year earnings of ($0.45) per share for the current year, with EPS estimates ranging from ($0.72) to ($0.34). For the next financial year, analysts anticipate that the company will report earnings of $0.05 per share, with EPS estimates ranging from ($0.14) to $0.18. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Forescout Technologies.

Forescout Technologies (NASDAQ:FSCT) last issued its earnings results on Thursday, May 9th. The company reported ($0.41) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.44) by $0.03. The business had revenue of $78.60 million during the quarter, compared to analysts’ expectations of $73.71 million. Forescout Technologies had a negative return on equity of 63.71% and a negative net margin of 25.80%. The business’s revenue for the quarter was up 31.7% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.38) EPS.

FSCT has been the subject of a number of analyst reports. Zacks Investment Research cut Forescout Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, May 7th. Monness Crespi & Hardt restated a “buy” rating and set a $49.00 price objective (up from $42.00) on shares of Forescout Technologies in a research note on Tuesday, March 5th. ValuEngine upgraded Forescout Technologies from a “hold” rating to a “buy” rating in a research note on Sunday, February 10th. Morgan Stanley set a $46.00 price objective on Forescout Technologies and gave the stock a “buy” rating in a research note on Tuesday, March 5th. Finally, UBS Group upped their price objective on Forescout Technologies from $43.00 to $52.00 and gave the stock a “buy” rating in a research note on Tuesday, March 5th. One research analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $45.78.

In related news, Vice Chairman David G. Dewalt sold 50,374 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $44.03, for a total transaction of $2,217,967.22. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Enrique T. Salem sold 3,000 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $41.91, for a total value of $125,730.00. The disclosure for this sale can be found here. Insiders have sold a total of 219,766 shares of company stock valued at $9,127,869 over the last 90 days. 13.80% of the stock is currently owned by company insiders.

A number of large investors have recently made changes to their positions in FSCT. Psagot Investment House Ltd. increased its position in Forescout Technologies by 41.0% during the 4th quarter. Psagot Investment House Ltd. now owns 1,141 shares of the company’s stock valued at $30,000 after buying an additional 332 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Forescout Technologies by 151.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,381 shares of the company’s stock valued at $36,000 after buying an additional 831 shares in the last quarter. Great West Life Assurance Co. Can acquired a new position in Forescout Technologies during the 4th quarter valued at about $60,000. Pearl River Capital LLC acquired a new position in Forescout Technologies during the 4th quarter valued at about $66,000. Finally, Sun Life Financial INC acquired a new position in Forescout Technologies during the 4th quarter valued at about $89,000. 61.05% of the stock is currently owned by institutional investors.

Shares of NASDAQ FSCT opened at $30.23 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.24 and a quick ratio of 1.23. The firm has a market cap of $1.45 billion, a P/E ratio of -17.47 and a beta of 1.66. Forescout Technologies has a 1-year low of $22.01 and a 1-year high of $46.43.

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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