Forescout Technologies (FSCT) Set to Announce Quarterly Earnings on Wednesday

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Forescout Technologies (NASDAQ:FSCT) is set to release its earnings data after the market closes on Wednesday, August 7th. Analysts expect Forescout Technologies to post earnings of ($0.80) per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Forescout Technologies (NASDAQ:FSCT) last released its quarterly earnings data on Thursday, May 9th. The company reported ($0.41) EPS for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.03. The business had revenue of $78.60 million during the quarter, compared to the consensus estimate of $73.71 million. Forescout Technologies had a negative return on equity of 63.71% and a negative net margin of 25.80%. The business’s revenue for the quarter was up 31.7% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.38) EPS. On average, analysts expect Forescout Technologies to post $-2 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

FSCT stock opened at $33.53 on Tuesday. The firm has a market cap of $1.55 billion, a P/E ratio of -19.38 and a beta of 1.55. The company has a current ratio of 1.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.26. The business’s fifty day moving average price is $36.22. Forescout Technologies has a 52 week low of $22.01 and a 52 week high of $46.43.

A number of research firms have recently commented on FSCT. Zacks Investment Research downgraded Forescout Technologies from a “buy” rating to a “hold” rating in a report on Monday, July 15th. Macquarie began coverage on Forescout Technologies in a report on Tuesday, July 16th. They set a “neutral” rating and a $41.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Forescout Technologies has a consensus rating of “Buy” and an average price target of $45.56.

In related news, SVP Darren J. Milliken sold 24,096 shares of the stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $35.31, for a total value of $850,829.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Christopher Harms sold 4,898 shares of the stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $35.48, for a total value of $173,781.04. The disclosure for this sale can be found here. Over the last quarter, insiders sold 141,005 shares of company stock valued at $5,038,788. 13.80% of the stock is owned by insiders.

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 CounterACT that provides for visibility and control capabilities across campus information technology and Internet of Things (IoT) devices, operational technology devices, data center physical and virtual devices, and cloud virtual devices; and SilentDefense, which offers visibility and control capabilities within the operational technology portion of the network.

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Earnings History for Forescout Technologies (NASDAQ:FSCT)

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