Netskope (NASDAQ:NTSK) Issues FY 2027 Earnings Guidance

Netskope (NASDAQ:NTSK) updated its FY 2027 earnings guidance on Wednesday morning. The company provided EPS guidance of -0.150–0.150 for the period, compared to the consensus estimate of -0.320. The company issued revenue guidance of $888.0 million-$892.0 million, compared to the consensus revenue estimate of $881.0 million. Netskope also updated its Q3 2027 guidance to -0.040–0.030 EPS.

Netskope Stock Down 2.1%

NASDAQ:NTSK traded down $0.30 during trading hours on Wednesday, reaching $13.75. 7,809,844 shares of the stock were exchanged, compared to its average volume of 4,632,657. The stock has a market cap of $5.55 billion and a PE ratio of -68.75. The company has a debt-to-equity ratio of 4.06, a current ratio of 2.17 and a quick ratio of 2.16. Netskope has a twelve month low of $7.66 and a twelve month high of $27.99. The firm has a 50 day moving average of $13.19 and a 200 day moving average of $11.26.

Netskope (NASDAQ:NTSK) last posted its earnings results on Wednesday, September 2nd. The company reported ($0.03) earnings per share for the quarter. The firm had revenue of $220.54 million during the quarter. Netskope has set its FY 2027 guidance at -0.150–0.150 EPS and its Q3 2027 guidance at -0.040–0.030 EPS. On average, equities analysts expect that Netskope will post -0.88 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on NTSK shares. Oppenheimer boosted their price objective on shares of Netskope from $16.00 to $19.00 and gave the company an “outperform” rating in a research note on Wednesday, August 19th. BTIG Research cut their price objective on Netskope from $17.00 to $14.00 and set a “buy” rating on the stock in a research report on Thursday, June 4th. Mizuho set a $16.00 target price on Netskope in a research report on Wednesday, August 19th. Morgan Stanley dropped their price objective on shares of Netskope from $18.00 to $14.00 and set an “overweight” rating on the stock in a research note on Thursday, June 4th. Finally, BMO Capital Markets reduced their price target on Netskope from $14.00 to $13.00 and set an “outperform” rating for the company in a report on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.71.

Insider Transactions at Netskope

In other Netskope news, major shareholder Iconiq Strategic Partners Viii acquired 64,771 shares of the stock in a transaction on Monday, July 13th. The stock was acquired at an average price of $12.42 per share, for a total transaction of $804,455.82. Following the completion of the transaction, the insider directly owned 916,690 shares of the company’s stock, valued at $11,385,289.80. This trade represents a 7.60% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Arif Janmohamed sold 336,173 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $9.00, for a total transaction of $3,025,557.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have purchased 1,833,380 shares of company stock valued at $21,960,909 and have sold 3,529,696 shares valued at $33,002,807. Corporate insiders own 25.52% of the company’s stock.

Institutional Trading of Netskope

Hedge funds have recently modified their holdings of the stock. Scge Management L.P. acquired a new stake in Netskope during the 3rd quarter worth approximately $312,104,000. T. Rowe Price Investment Management Inc. increased its stake in Netskope by 14.7% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,556,583 shares of the company’s stock worth $62,383,000 after acquiring an additional 456,321 shares during the last quarter. Public Sector Pension Investment Board acquired a new position in shares of Netskope during the 4th quarter valued at $60,882,000. Bamco Inc. NY lifted its position in Netskope by 28.1% during the 4th quarter. Bamco Inc. NY now owns 2,981,743 shares of the company’s stock worth $52,300,000 after acquiring an additional 654,964 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in Netskope by 101.9% in the 4th quarter. Franklin Resources Inc. now owns 1,551,232 shares of the company’s stock valued at $27,209,000 after buying an additional 783,092 shares during the last quarter.

About Netskope

We are redefining security and networking for the era of cloud and AI. The cloud and AI have completely revolutionized work. We are more dispersed, more productive, and more automated than ever before, and the rate of change is only accelerating. Not since the internet has there been such a transformative tectonic shift. But, with it has come collateral damage-traditional security and networking are now broken. We founded Netskope to address this revolution. We built Netskope One, our unified, cloud-native platform from the ground up to solve the challenge of securing and accelerating the digital interactions of enterprises in this new era.