Equities analysts forecast that Forescout Technologies Inc (NASDAQ:FSCT) will post ($0.45) earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. 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 quarterly earnings report on Wednesday, May 2nd.
On average, analysts expect that Forescout Technologies will report full year earnings of ($1.15) per share for the current fiscal year, with EPS estimates ranging from ($1.17) to ($1.13). For the next fiscal year, analysts anticipate that the firm will report earnings of ($0.37) per share, with EPS estimates ranging from ($0.48) to ($0.23). Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Forescout Technologies.
Forescout Technologies (NASDAQ:FSCT) last issued its earnings results on Thursday, December 7th. The company reported ($1.17) EPS for the quarter, beating the Zacks’ consensus estimate of ($1.33) by $0.16.
A number of equities research analysts have recently commented on FSCT shares. Bank of America increased their target price on shares of Forescout Technologies from $35.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. UBS Group set a $30.00 price objective on shares of Forescout Technologies and gave the company a “buy” rating in a report on Friday, December 8th. Morgan Stanley set a $31.00 price objective on shares of Forescout Technologies and gave the company a “hold” rating in a report on Thursday, February 8th. Citigroup assumed coverage on shares of Forescout Technologies in a report on Tuesday, November 21st. They issued a “neutral” rating and a $27.00 price objective for the company. Finally, JPMorgan Chase & Co. assumed coverage on shares of Forescout Technologies in a report on Tuesday, November 21st. They issued an “overweight” rating and a $33.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $31.83.
Shares of Forescout Technologies (NASDAQ:FSCT) opened at $29.45 on Thursday. The company has a debt-to-equity ratio of -0.05, a quick ratio of 0.93 and a current ratio of 0.94. Forescout Technologies has a 12-month low of $21.56 and a 12-month high of $35.00.
Several institutional investors and hedge funds have recently made changes to their positions in the stock. LPL Financial LLC purchased a new stake in shares of Forescout Technologies in the fourth quarter valued at about $327,000. Zimmer Partners LP purchased a new stake in shares of Forescout Technologies in the fourth quarter valued at about $2,232,000. Millennium Management LLC purchased a new stake in shares of Forescout Technologies in the fourth quarter valued at about $405,000. TIAA CREF Investment Management LLC purchased a new position in Forescout Technologies during the fourth quarter worth about $267,000. Finally, Teachers Advisors LLC purchased a new position in Forescout Technologies during the fourth quarter worth about $295,000. 4.64% of the stock is owned by hedge funds and other institutional investors.
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About Forescout Technologies
ForeScout Technologies, Inc is a United States-based provider of automated security control solutions. The Company transforms security through visibility. It offers enterprises and government organizations the ability to see devices, including non-traditional devices, the instant they connect to the network.
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