Equities analysts expect Forescout Technologies Inc (NASDAQ:FSCT) to report $94.94 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Forescout Technologies’ earnings. The highest sales estimate is $95.03 million and the lowest is $94.84 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 business is scheduled to issue its next quarterly earnings report on Thursday, February 6th.

According to Zacks, 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 fiscal year, analysts expect that the business will report sales of $391.34 million, with estimates ranging from $379.93 million to $410.00 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that cover Forescout Technologies.

Forescout Technologies (NASDAQ:FSCT) last announced its quarterly earnings results 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). Forescout Technologies had a negative net margin of 35.27% and a negative return on equity of 101.79%. The business had revenue of $91.62 million for the quarter, compared to analyst estimates of $90.99 million. During the same period in the prior year, the business earned ($0.10) EPS. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year.

Several brokerages have issued reports on FSCT. ValuEngine downgraded Forescout Technologies from a “buy” rating to a “hold” rating in a report on Monday, October 21st. Monness Crespi & Hardt dropped their target price on Forescout Technologies from $49.00 to $39.00 and set a “buy” rating for the company in a report on Friday, October 11th. Robert W. Baird set a $44.00 target price on Forescout Technologies and gave the stock a “buy” rating in a report on Monday, October 21st. Morgan Stanley began coverage on Forescout Technologies in a report on Friday, November 8th. They set an “overweight” rating and a $37.00 target price for the company. Finally, FBN Securities set a $35.00 target price on Forescout Technologies and gave the stock a “buy” rating in a report on Friday, October 11th. 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 company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $37.22.

In related news, insider Pedro Abreu sold 8,040 shares of the firm’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $35.73, for a total value of $287,269.20. Following the transaction, the insider now owns 116,288 shares in the company, valued at $4,154,970.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Decesare sold 50,000 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $35.09, for a total value of $1,754,500.00. Following the completion of the transaction, the chief executive officer now owns 679,991 shares in the company, valued at approximately $23,860,884.19. The disclosure for this sale can be found here. Insiders have sold 262,602 shares of company stock valued at $8,710,612 in the last three months. Insiders own 13.80% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of FSCT. Tower Research Capital LLC TRC bought a new position in shares of Forescout Technologies in the third quarter worth $25,000. Russell Investments Group Ltd. bought a new position in shares of Forescout Technologies in the third quarter worth $77,000. NumerixS Investment Technologies Inc bought a new position in shares of Forescout Technologies in the second quarter worth $78,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Forescout Technologies by 202.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,082 shares of the company’s stock worth $104,000 after purchasing an additional 2,064 shares during the period. Finally, Aperio Group LLC bought a new position in shares of Forescout Technologies in the second quarter worth $118,000. Institutional investors own 72.55% of the company’s stock.

Shares of Forescout Technologies stock opened at $35.00 on Tuesday. The business has a fifty day simple moving average of $31.48 and a two-hundred day simple moving average of $34.36. Forescout Technologies has a 1 year low of $22.01 and a 1 year high of $46.43. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of -20.23 and a beta of 1.57. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.18 and a quick ratio of 1.18.

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 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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