Zacks: Brokerages Expect ForeScout Technologies (FSCT) to Post -$0.45 EPS

Analysts forecast that ForeScout Technologies (NASDAQ:FSCT) will report earnings of ($0.45) per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for ForeScout Technologies’ earnings, with estimates ranging from ($0.45) to ($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 ($1.13) per share for the current financial year, with EPS estimates ranging from ($1.14) to ($1.12). For the next fiscal year, analysts forecast that the business will report earnings of ($0.34) per share, with EPS estimates ranging from ($0.48) to ($0.23). Zacks’ EPS calculations are a mean average based on a survey of research firms that follow ForeScout Technologies.

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ForeScout Technologies (NASDAQ:FSCT) last announced its quarterly earnings results on Wednesday, February 7th. The company reported ($1.32) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.35) by ($0.97). The company had revenue of $65.96 million during the quarter, compared to analyst estimates of $62.38 million.

Several research firms recently weighed in on FSCT. UBS set a $30.00 target price on ForeScout Technologies and gave the stock a “buy” rating in a report on Friday, December 8th. Bank of America restated a “buy” rating and issued a $35.00 target price (up from $30.00) on shares of ForeScout Technologies in a report on Thursday, December 28th. They noted that the move was a valuation call. Finally, Morgan Stanley set a $31.00 target price on ForeScout Technologies and gave the stock a “hold” rating in a report on Thursday, February 8th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. ForeScout Technologies presently has an average rating of “Buy” and a consensus target price of $31.83.

Shares of FSCT stock traded up $0.11 during midday trading on Wednesday, hitting $30.52. The company had a trading volume of 351,169 shares, compared to its average volume of 364,172. ForeScout Technologies has a 1-year low of $21.56 and a 1-year high of $37.79. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.77 and a quick ratio of 1.75.

Several hedge funds have recently modified their holdings of the company. Gilder Gagnon Howe & Co. LLC acquired a new position in shares of ForeScout Technologies during the fourth quarter valued at $20,081,000. Clearbridge LLC bought a new position in shares of ForeScout Technologies in the 4th quarter valued at $16,428,000. BlackRock Inc. bought a new position in shares of ForeScout Technologies in the 4th quarter valued at $14,708,000. Emerald Advisers Inc. PA bought a new stake in ForeScout Technologies during the 4th quarter worth $11,318,000. Finally, Clearbridge Investments LLC bought a new stake in ForeScout Technologies during the 4th quarter worth $10,367,000. Institutional investors own 36.10% of the company’s stock.

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ForeScout Technologies Company Profile

ForeScout Technologies, Inc provides network security products in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It offers ForeScout CounterACT agentless technology that discovers, classifies, and assesses IP-based devices; ForeScout extended modules, which represent integrations across vulnerability assessment, advanced threat detection, security incidence and event management, enterprise mobility management, endpoint protection and endpoint detection and response, next generation firewall, privileged access management, and IT systems management vendors, as well as compliance; and ForeScout CounterACT Enterprise Manager, a centralized security management solution for the control of various appliances deployed on an end-customer network, as well as maintenance and professional services.

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

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