Forescout Technologies (FSCT) Releases Q1 2019 Earnings Guidance

Forescout Technologies (NASDAQ:FSCT) updated its first quarter 2019 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $-0.45–0.43 for the period, compared to the Thomson Reuters consensus estimate of $-0.35. The company issued revenue guidance of $71.9-74.9 million, compared to the consensus revenue estimate of $72.15 million.Forescout Technologies also updated its FY 2019 guidance to $-0.45–0.37 EPS.

A number of equities analysts recently weighed in on the stock. Monness Crespi & Hardt reissued a buy rating and set a $42.00 target price (up previously from $40.00) on shares of Forescout Technologies in a research note on Friday. Morgan Stanley set a $42.00 target price on shares of Forescout Technologies and gave the stock a buy rating in a research note on Friday. Zacks Investment Research raised shares of Forescout Technologies from a hold rating to a buy rating and set a $32.00 target price for the company in a research note on Tuesday, October 23rd. ValuEngine downgraded shares of Forescout Technologies from a buy rating to a hold rating in a research note on Wednesday, January 2nd. Finally, Berenberg Bank assumed coverage on shares of Forescout Technologies in a research note on Thursday, November 29th. They set a buy rating and a $41.00 target price for the company. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Forescout Technologies presently has an average rating of Buy and an average price target of $40.45.

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NASDAQ FSCT traded up $5.52 during mid-day trading on Friday, reaching $36.44. 2,356,148 shares of the stock were exchanged, compared to its average volume of 481,087. Forescout Technologies has a one year low of $22.01 and a one year high of $40.96. The company has a market capitalization of $1.33 billion, a PE ratio of -4.60 and a beta of 1.15. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.08.

Forescout Technologies (NASDAQ:FSCT) last posted its quarterly earnings results on Thursday, February 7th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.24. The business had revenue of $84.73 million during the quarter, compared to analysts’ expectations of $77.84 million. Forescout Technologies had a negative net margin of 33.43% and a negative return on equity of 89.81%. The business’s quarterly revenue was up 34.7% on a year-over-year basis. During the same period last year, the company posted ($0.13) earnings per share. As a group, equities analysts expect that Forescout Technologies will post -1.95 earnings per share for the current fiscal year.

In other Forescout Technologies news, Director T Kent Elliott sold 30,453 shares of the firm’s stock in a transaction on Wednesday, November 14th. The shares were sold at an average price of $25.89, for a total value of $788,428.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Darren J. Milliken sold 3,870 shares of the firm’s stock in a transaction on Friday, February 8th. The stock was sold at an average price of $35.26, for a total transaction of $136,456.20. The disclosure for this sale can be found here. Insiders sold 225,152 shares of company stock valued at $5,997,269 over the last 90 days. Corporate insiders own 36.20% of the company’s stock.

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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.

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