Zacks: Analysts Anticipate Forescout Technologies Inc (FSCT) to Post -$0.45 Earnings Per Share

Analysts expect that Forescout Technologies Inc (NASDAQ:FSCT) will post earnings of ($0.45) per share for the current quarter, according to Zacks. Two analysts have provided estimates for Forescout Technologies’ earnings. The lowest EPS estimate is ($0.45) and the highest is ($0.44). The business is scheduled to issue its next earnings report on Wednesday, May 2nd.

On average, analysts expect that Forescout Technologies will report full-year earnings of ($1.15) per share for the current fiscal year, with EPS estimates ranging from ($1.17) to ($1.13). For the next fiscal year, analysts anticipate that the firm will report earnings of ($0.37) per share, with EPS estimates ranging from ($0.48) to ($0.23). Zacks’ earnings per share averages are an average based on a survey of analysts that that provide coverage for Forescout Technologies.

Forescout Technologies (NASDAQ:FSCT) last released its quarterly earnings data on Thursday, December 7th. The company reported ($1.17) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($1.33) by $0.16.

FSCT has been the subject of a number of research reports. Bank of America upped their price objective on shares of Forescout Technologies from $35.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. UBS Group set a $30.00 price objective on shares of Forescout Technologies and gave the stock a “buy” rating in a research note on Friday, December 8th. Morgan Stanley initiated coverage on shares of Forescout Technologies in a research note on Tuesday, November 21st. They issued an “equal weight” rating and a $27.00 price objective for the company. Citigroup initiated coverage on shares of Forescout Technologies in a research note on Tuesday, November 21st. They issued a “neutral” rating and a $27.00 price objective for the company. Finally, KeyCorp initiated coverage on shares of Forescout Technologies in a research note on Tuesday, November 21st. They issued an “overweight” rating and a $34.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $31.83.

Forescout Technologies (NASDAQ:FSCT) traded up $2.12 during trading hours on Thursday, reaching $29.69. 149,400 shares of the company were exchanged, compared to its average volume of 145,070. Forescout Technologies has a 52 week low of $21.56 and a 52 week high of $35.00. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of -0.05.

Several hedge funds have recently added to or reduced their stakes in the business. Gilder Gagnon Howe & Co. LLC purchased a new stake in shares of Forescout Technologies during the fourth quarter valued at about $20,081,000. Clearbridge LLC purchased a new stake in shares of Forescout Technologies during the fourth quarter valued at about $16,428,000. BlackRock Inc. purchased a new stake in shares of Forescout Technologies during the fourth quarter valued at about $14,708,000. Emerald Advisers Inc. PA purchased a new stake in shares of Forescout Technologies during the fourth quarter valued at about $11,318,000. Finally, Clearbridge Investments LLC purchased a new stake in shares of Forescout Technologies during the fourth quarter valued at about $10,367,000. 4.64% of the stock is owned by institutional investors and hedge funds.

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About Forescout Technologies

ForeScout Technologies, Inc is a United States-based provider of automated security control solutions. The Company transforms security through visibility. It offers enterprises and government organizations the ability to see devices, including non-traditional devices, the instant they connect to the network.

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Earnings History and Estimates for Forescout Technologies (NASDAQ:FSCT)

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