ForeScout Technologies (FSCT) Given Consensus Rating of “Buy” by Brokerages

ForeScout Technologies (NASDAQ:FSCT) has been assigned a consensus recommendation of “Buy” from the nine analysts that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $32.88.

A number of equities research analysts have weighed in on the company. Morgan Stanley set a $31.00 price objective on ForeScout Technologies and gave the company a “hold” rating in a research note on Thursday, February 8th. Stephens assumed coverage on ForeScout Technologies in a research note on Thursday, April 5th. They issued an “overweight” rating and a $37.00 price objective for the company. Zacks Investment Research upgraded ForeScout Technologies from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research note on Tuesday, April 10th. FBN Securities assumed coverage on ForeScout Technologies in a research note on Thursday, April 5th. They issued an “outperform” rating for the company. Finally, Bank of America reiterated a “buy” rating and issued a $35.00 price objective (up previously from $30.00) on shares of ForeScout Technologies in a research note on Thursday, December 28th. They noted that the move was a valuation call.

In other news, Chairman Yehezkel Yeshurun sold 113,137 shares of the business’s stock in a transaction that occurred on Friday, March 23rd. The stock was sold at an average price of $27.64, for a total value of $3,127,106.68. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Michael Decesare sold 210,000 shares of the business’s stock in a transaction that occurred on Friday, March 23rd. The shares were sold at an average price of $27.64, for a total value of $5,804,400.00. The disclosure for this sale can be found here. In the last three months, insiders sold 1,801,916 shares of company stock worth $49,804,958. Corporate insiders own 36.20% of the company’s stock.

Several large investors have recently added to or reduced their stakes in FSCT. American International Group Inc. acquired a new position in shares of ForeScout Technologies in the fourth quarter valued at approximately $115,000. The Manufacturers Life Insurance Company acquired a new position in shares of ForeScout Technologies in the fourth quarter valued at approximately $134,000. Keybank National Association OH acquired a new position in ForeScout Technologies during the fourth quarter worth $231,000. TIAA CREF Investment Management LLC acquired a new position in ForeScout Technologies during the fourth quarter worth $267,000. Finally, California State Teachers Retirement System acquired a new position in ForeScout Technologies during the fourth quarter worth $268,000. 35.21% of the stock is currently owned by institutional investors and hedge funds.

FSCT stock traded down $0.60 during trading on Friday, hitting $32.76. 955,348 shares of the company’s stock were exchanged, compared to its average volume of 296,047. The stock has a market cap of $1,329.46 and a price-to-earnings ratio of -4.13. ForeScout Technologies has a 52-week low of $21.56 and a 52-week high of $37.81. The company has a quick ratio of 1.75, a current ratio of 1.77 and a debt-to-equity ratio of 0.29.

ForeScout Technologies (NASDAQ:FSCT) last issued its quarterly earnings data on Wednesday, February 7th. The company reported ($1.32) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.35) by ($0.97). The business had revenue of $65.96 million during the quarter, compared to the consensus estimate of $62.38 million. sell-side analysts anticipate that ForeScout Technologies will post -1.12 EPS for the current year.

WARNING: “ForeScout Technologies (FSCT) Given Consensus Rating of “Buy” by Brokerages” was first reported by Ticker Report and is the property of of Ticker Report. If you are accessing this piece on another site, it was stolen and reposted in violation of U.S. and international copyright and trademark law. The original version of this piece can be read at https://www.tickerreport.com/banking-finance/3388976/forescout-technologies-fsct-given-consensus-rating-of-buy-by-brokerages.html.

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 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.

Analyst Recommendations for ForeScout Technologies (NASDAQ:FSCT)

Receive News & Ratings for ForeScout Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ForeScout Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Somewhat Positive News Coverage Somewhat Unlikely to Impact Jamba  Stock Price
Somewhat Positive News Coverage Somewhat Unlikely to Impact Jamba Stock Price
IRadimed  Sets New 52-Week High and Low at $19.25
IRadimed Sets New 52-Week High and Low at $19.25
Ritchie Bros. Auctioneers  to Issue Quarterly Dividend of $0.17 on  June 20th
Ritchie Bros. Auctioneers to Issue Quarterly Dividend of $0.17 on June 20th
First Midwest Bancorp  Reaches New 1-Year High and Low at $26.92
First Midwest Bancorp Reaches New 1-Year High and Low at $26.92
Commerce Bancshares  Reaches New 52-Week High and Low at $66.08
Commerce Bancshares Reaches New 52-Week High and Low at $66.08
Expeditors International of Washington  Reaches New 1-Year High and Low at $73.89
Expeditors International of Washington Reaches New 1-Year High and Low at $73.89


© 2006-2018 Ticker Report. Google+.