Netskope (NASDAQ:NTSK) Issues Q3 2027 Earnings Guidance

Netskope (NASDAQ:NTSK) updated its third quarter 2027 earnings guidance on Wednesday. The company provided earnings per share guidance of -0.040–0.030 for the period, compared to the consensus earnings per share estimate of -0.070. The company issued revenue guidance of $227.0 million-$229.0 million, compared to the consensus revenue estimate of $226.6 million. Netskope also updated its FY 2027 guidance to -0.150–0.150 EPS.

Netskope Trading Down 2.1%

NASDAQ:NTSK traded down $0.30 during trading hours on Wednesday, hitting $13.75. The company had a trading volume of 7,809,844 shares, compared to its average volume of 4,632,657. The stock has a 50-day moving average price of $13.19 and a 200 day moving average price of $11.26. The company has a debt-to-equity ratio of 4.06, a current ratio of 2.17 and a quick ratio of 2.16. The company has a market capitalization of $5.55 billion and a PE ratio of -68.75. Netskope has a 52 week low of $7.66 and a 52 week high of $27.99.

Netskope (NASDAQ:NTSK) last issued its earnings results on Wednesday, September 2nd. The company reported ($0.03) EPS for the quarter. The business 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 research analysts predict that Netskope will post -0.88 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. JPMorgan Chase & Co. lifted their target price on Netskope from $14.00 to $16.00 and gave the stock an “overweight” rating in a report on Wednesday, August 26th. Deutsche Bank Aktiengesellschaft set a $17.00 price target on Netskope in a research note on Monday, August 17th. KeyCorp upped their price objective on shares of Netskope from $16.00 to $17.50 and gave the company an “overweight” rating in a report on Friday, August 21st. Wells Fargo & Company upped their price objective on Netskope from $13.00 to $17.00 and gave the stock an “overweight” rating in a research report on Monday, August 17th. Finally, Morgan Stanley reduced their price target on Netskope from $18.00 to $14.00 and set an “overweight” 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 given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $17.71.

Insider Activity at Netskope

In other Netskope news, Director William J.G. Griffith purchased 64,771 shares of Netskope stock in a transaction that occurred on Monday, July 13th. The stock was purchased at an average price of $12.42 per share, for a total transaction of $804,455.82. Following the transaction, the director directly owned 916,690 shares in the company, 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 document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Iconiq Strategic Partners Viii acquired 64,771 shares of the business’s stock in a transaction on Monday, July 13th. The stock was acquired at an average price of $12.42 per share, with a total value of $804,455.82. Following the transaction, the insider directly owned 916,690 shares of the company’s stock, valued at $11,385,289.80. This represents a 7.60% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders bought 1,833,380 shares of company stock valued at $21,960,909 and sold 3,529,696 shares valued at $33,002,807. Insiders own 25.52% of the company’s stock.

Institutional Investors Weigh In On Netskope

A number of institutional investors and hedge funds have recently modified their holdings of NTSK. Virtu Financial LLC boosted its stake in shares of Netskope by 239.4% during the 4th quarter. Virtu Financial LLC now owns 32,512 shares of the company’s stock worth $570,000 after acquiring an additional 22,932 shares during the period. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Netskope by 14.7% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,556,583 shares of the company’s stock valued at $62,383,000 after acquiring an additional 456,321 shares in the last quarter. XTX Topco Ltd grew its stake in shares of Netskope by 11.3% in the fourth quarter. XTX Topco Ltd now owns 28,956 shares of the company’s stock worth $508,000 after purchasing an additional 2,950 shares during the last quarter. Bamco Inc. NY increased its position in shares of Netskope by 28.1% during the fourth quarter. Bamco Inc. NY now owns 2,981,743 shares of the company’s stock worth $52,300,000 after buying an additional 654,964 shares during the period. Finally, Freestone Grove Partners LP lifted its stake in Netskope by 25.1% in the fourth quarter. Freestone Grove Partners LP now owns 250,147 shares of the company’s stock valued at $4,388,000 after buying an additional 50,147 shares during the period.

Netskope Company Profile

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.