Netskope (NASDAQ:NTSK) Updates Q2 2027 Earnings Guidance

Netskope (NASDAQ:NTSK) issued an update on its second quarter 2027 earnings guidance on Wednesday morning. The company provided earnings per share guidance of -0.070–0.060 for the period, compared to the consensus earnings per share estimate of -0.070. The company issued revenue guidance of $213.0 million-$215.0 million, compared to the consensus revenue estimate of $211.9 million. Netskope also updated its FY 2027 guidance to -0.180–0.180 EPS.

Netskope Stock Performance

NASDAQ NTSK opened at $10.03 on Friday. The company has a fifty day simple moving average of $10.26 and a 200 day simple moving average of $13.42. Netskope has a 12-month low of $7.66 and a 12-month high of $27.99. The company has a current ratio of 2.13, a quick ratio of 2.12 and a debt-to-equity ratio of 3.71. The company has a market cap of $4.02 billion and a P/E ratio of -71.64.

Netskope (NASDAQ:NTSK) last posted its 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 firm had revenue of $201.59 million during the quarter. Netskope’s revenue for the quarter was up 27.8% on a year-over-year basis. Netskope has set its Q2 2027 guidance at -0.070–0.060 EPS and its FY 2027 guidance at -0.180–0.180 EPS. Sell-side analysts predict that Netskope will post -0.19 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on NTSK shares. Citizens Jmp lowered their price objective on Netskope from $23.00 to $17.00 and set a “market outperform” rating on the stock in a research note on Friday, May 1st. KeyCorp boosted their price objective on Netskope from $13.00 to $15.00 and gave the company an “overweight” rating in a research note on Monday, May 18th. Mizuho lowered their price objective on Netskope from $15.00 to $13.00 and set an “outperform” rating on the stock in a research note on Thursday. Piper Sandler lowered their price objective on Netskope from $21.00 to $18.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, Morgan Stanley lowered their price objective on Netskope from $18.00 to $14.00 and set an “overweight” rating on the stock in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $17.21.

Key Stories Impacting Netskope

Here are the key news stories impacting Netskope this week:

• Positive Sentiment: Netskope reported Q1 EPS of -$0.06, slightly better than the -$0.07 consensus, and revenue of $201.6 million rose 27.8% year over year, showing continued top-line momentum. Earnings report reference
• Positive Sentiment: The company also issued Q2 and full-year FY2027 guidance that came in slightly better than Wall Street expectations for revenue and roughly in line to slightly better on EPS, suggesting management remains confident in growth. Results press release
• Neutral Sentiment: Several analysts trimmed price targets but largely kept bullish ratings, with BMO, RBC, BTIG, and Baird all lowering targets while maintaining outperform/buy views, which signals cautious optimism rather than a full sentiment shift. Analyst updates reference
• Neutral Sentiment: Short interest rose 67.1% in May, indicating more traders are betting against the stock and potentially adding to near-term volatility. Short interest article reference
• Negative Sentiment: Despite the earnings beat, investors appeared disappointed by the scale of the recurring revenue outperformance and broader profitability trajectory, which helped trigger the selloff after results. Recurring revenue article reference

Institutional Trading of Netskope

Institutional investors have recently made changes to their positions in the stock. Longaeva Partners L.P. purchased a new stake in shares of Netskope during the third quarter valued at approximately $2,387,000. Renaissance Technologies LLC purchased a new stake in shares of Netskope during the fourth quarter valued at approximately $1,485,000. New York State Common Retirement Fund boosted its stake in shares of Netskope by 88.6% during the fourth quarter. New York State Common Retirement Fund now owns 78,248 shares of the company’s stock valued at $1,372,000 after purchasing an additional 36,749 shares during the period. Brevan Howard Capital Management LP purchased a new stake in shares of Netskope during the third quarter valued at approximately $881,000. Finally, Royal Bank of Canada boosted its stake in shares of Netskope by 108.7% during the fourth quarter. Royal Bank of Canada now owns 47,020 shares of the company’s stock valued at $824,000 after purchasing an additional 24,485 shares during the period.

About Netskope

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.