Analysts expect that Forescout Technologies Inc (NASDAQ:FSCT) will post sales of $94.94 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Forescout Technologies’ earnings, with estimates ranging from $94.84 million to $95.03 million. Forescout Technologies reported sales of $84.73 million in the same quarter last year, which would suggest a positive year over year growth rate of 12.1%. The firm is scheduled to issue its next quarterly earnings results on Thursday, February 6th.

According to Zacks, analysts expect that Forescout Technologies will report full year sales of $340.27 million for the current financial year, with estimates ranging from $340.00 million to $340.50 million. For the next fiscal year, analysts expect that the firm will report sales of $391.34 million, with estimates ranging from $379.93 million to $410.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Forescout Technologies.

Forescout Technologies (NASDAQ:FSCT) last issued its earnings results on Wednesday, November 6th. The company reported ($0.02) EPS for the quarter, missing the Zacks’ 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 during the quarter, compared to analysts’ expectations of $90.99 million. During the same period in the prior year, the business posted ($0.10) EPS. The business’s revenue was up 7.0% on a year-over-year basis.

A number of equities analysts have recently commented on FSCT shares. Robert W. Baird set a $44.00 target price on shares of Forescout Technologies and gave the company a “buy” rating in a research note on Monday, October 21st. ValuEngine downgraded shares of Forescout Technologies from a “buy” rating to a “hold” rating in a research note on Monday, October 21st. Monness Crespi & Hardt cut their target price on shares of Forescout Technologies from $49.00 to $39.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. UBS Group lowered their price target on shares of Forescout Technologies from $50.00 to $33.00 and set a “neutral” rating for the company in a report on Wednesday, October 16th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Forescout Technologies in a report on Thursday, November 7th. 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. Forescout Technologies currently has a consensus rating of “Hold” and an average price target of $37.22.

Shares of FSCT stock opened at $35.00 on Tuesday. The company’s fifty day simple moving average is $31.48 and its 200-day simple moving average is $34.36. Forescout Technologies has a 52 week low of $22.01 and a 52 week high of $46.43. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.38. The company has a market cap of $1.69 billion, a PE ratio of -20.23 and a beta of 1.57.

In related news, Chairman Yehezkel Yeshurun sold 6,444 shares of the firm’s stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $25.74, for a total transaction of $165,868.56. Also, Vice Chairman David G. Dewalt sold 41,559 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $31.52, for a total transaction of $1,309,939.68. Following the sale, the insider now directly owns 510,306 shares of the company’s stock, valued at $16,084,845.12. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 262,602 shares of company stock valued at $8,710,612. Company insiders own 13.80% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rhumbline Advisers grew its holdings in Forescout Technologies by 1.2% during the 3rd quarter. Rhumbline Advisers now owns 51,083 shares of the company’s stock worth $1,937,000 after acquiring an additional 590 shares in the last quarter. Tower Research Capital LLC TRC acquired a new position in Forescout Technologies during the 3rd quarter worth $25,000. Albert D Mason Inc. grew its holdings in Forescout Technologies by 5.5% during the 2nd quarter. Albert D Mason Inc. now owns 18,775 shares of the company’s stock worth $636,000 after acquiring an additional 985 shares in the last quarter. Delek Group Ltd. grew its holdings in Forescout Technologies by 7.2% during the 2nd quarter. Delek Group Ltd. now owns 18,566 shares of the company’s stock worth $614,000 after acquiring an additional 1,255 shares in the last quarter. Finally, Van ECK Associates Corp grew its holdings in Forescout Technologies by 15.5% during the 2nd quarter. Van ECK Associates Corp now owns 11,821 shares of the company’s stock worth $400,000 after acquiring an additional 1,586 shares in the last quarter. 72.55% of the stock is owned by institutional investors and hedge funds.

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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