Netskope (NASDAQ:NTSK) Releases FY 2027 Earnings Guidance

Netskope (NASDAQ:NTSK) issued an update on its FY 2027 earnings guidance on Wednesday morning. The company provided earnings per share guidance of -0.150–0.150 for the period, compared to the consensus earnings per share 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.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. KeyCorp upped their target price on Netskope from $16.00 to $17.50 and gave the stock an “overweight” rating in a research report on Friday, August 21st. Morgan Stanley dropped their price target on Netskope from $18.00 to $14.00 and set an “overweight” rating on the stock in a research report on Thursday, June 4th. Deutsche Bank Aktiengesellschaft set a $17.00 price objective on shares of Netskope in a research note on Monday, August 17th. BTIG Research cut their target price on shares of Netskope from $17.00 to $14.00 and set a “buy” rating for the company in a research note on Thursday, June 4th. Finally, Oppenheimer raised their price target on shares of Netskope from $16.00 to $19.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Netskope currently has a consensus rating of “Moderate Buy” and an average target price of $17.71.

Netskope Price Performance

Shares of NTSK traded down $0.30 during trading hours on Wednesday, hitting $13.75. The stock had a trading volume of 8,100,569 shares, compared to its average volume of 4,632,657. The stock has a market capitalization of $5.55 billion and a price-to-earnings 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. The company’s fifty day moving average is $13.19 and its two-hundred day moving average is $11.26. Netskope has a 52 week low of $7.66 and a 52 week high of $27.99.

Netskope (NASDAQ:NTSK) last issued its quarterly earnings results on Wednesday, June 3rd. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.01. The company had revenue of $201.59 million for the quarter. The business’s quarterly revenue was up 27.8% on a year-over-year basis. On average, analysts anticipate that Netskope will post -0.88 EPS for the current year.

Insider Activity at Netskope

In related news, Director William J.G. Griffith purchased 64,771 shares of the stock in a transaction that occurred 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 completion of the acquisition, the director directly owned 916,690 shares in the company, valued at approximately $11,385,289.80. This trade represents a 7.60% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Iconiq Strategic Partners Viii acquired 64,771 shares of the company’s stock in a transaction that occurred on Monday, July 13th. The stock was bought 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 in the company, valued at $11,385,289.80. The trade was a 7.60% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders acquired 1,833,380 shares of company stock valued at $21,960,909 and sold 3,529,696 shares valued at $33,002,807. 25.52% of the stock is owned by insiders.

Hedge Funds Weigh In On Netskope

Several hedge funds have recently added to or reduced their stakes in NTSK. Scge Management L.P. acquired a new position in Netskope during the 3rd quarter valued at about $312,104,000. Public Sector Pension Investment Board acquired a new stake in shares of Netskope during the 4th quarter worth approximately $60,882,000. Alta Park Capital LP acquired a new stake in shares of Netskope during the 3rd quarter worth approximately $29,840,000. Alliancebernstein L.P. bought a new stake in shares of Netskope during the third quarter worth approximately $19,776,000. Finally, Franklin Resources Inc. lifted its holdings in Netskope by 101.9% in the fourth 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 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.