ForeScout Technologies (FSCT) Getting Somewhat Positive Press Coverage, Analysis Shows

Headlines about ForeScout Technologies (NASDAQ:FSCT) have been trending somewhat positive this week, Accern reports. Accern ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. ForeScout Technologies earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 43.9221014433938 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the news articles that may have impacted Accern’s rankings:

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Several analysts have commented on the stock. Bank of America reissued a “buy” rating and issued a $35.00 target price (up from $30.00) on shares of ForeScout Technologies in a research report on Thursday, December 28th. They noted that the move was a valuation call. Morgan Stanley set a $31.00 price objective on shares of ForeScout Technologies and gave the stock a “hold” rating in a report on Thursday, February 8th. FBN Securities started coverage on shares of ForeScout Technologies in a report on Thursday. They set an “outperform” rating for the company. UBS set a $30.00 price objective on shares of ForeScout Technologies and gave the stock a “buy” rating in a report on Friday, December 8th. Finally, Stephens started coverage on shares of ForeScout Technologies in a report on Thursday. They set an “overweight” rating and a $37.00 price objective for the company. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $32.57.

NASDAQ FSCT opened at $32.94 on Friday. The company has a quick ratio of 1.75, a current ratio of 1.77 and a debt-to-equity ratio of 0.29. The firm has a market cap of $1,262.76 and a P/E ratio of -4.15. ForeScout Technologies has a 1 year low of $21.56 and a 1 year high of $37.79.

ForeScout Technologies (NASDAQ:FSCT) last posted its quarterly earnings data on Wednesday, February 7th. The company reported ($1.32) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.35) by ($0.97). The company had revenue of $65.96 million for the quarter, compared to analyst estimates of $62.38 million. equities research analysts expect that ForeScout Technologies will post -1.12 earnings per share for the current year.

In other ForeScout Technologies news, CFO Christopher Harms sold 46,169 shares of the stock in a transaction on Friday, March 23rd. The shares were sold at an average price of $27.64, for a total value of $1,276,111.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Meritech Management Associates sold 1,014,140 shares of the stock in a transaction on Friday, March 23rd. The shares were sold at an average price of $27.64, for a total transaction of $28,030,829.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,801,916 shares of company stock valued at $49,804,958.

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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.

Insider Buying and Selling by Quarter for ForeScout Technologies (NASDAQ:FSCT)

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