Netskope (NASDAQ:NTSK) Updates Q3 2027 Earnings Guidance

Netskope (NASDAQ:NTSK) updated its third quarter 2027 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of -0.040–0.030 for the period, compared to the consensus estimate of -0.070. The company issued revenue guidance of $227.0 million-$229.0 million, compared to the consensus revenue estimate of $226.6 million. Netskope also updated its FY 2027 guidance to -0.150–0.150 EPS.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on NTSK shares. Piper Sandler reduced their price objective on Netskope from $21.00 to $18.00 and set an “overweight” rating for the company in a research note on Thursday, June 4th. JPMorgan Chase & Co. boosted their price target on shares of Netskope from $14.00 to $16.00 and gave the stock an “overweight” rating in a report on Wednesday, August 26th. Weiss Ratings restated a “sell (e+)” rating on shares of Netskope in a research report on Wednesday, July 8th. Oppenheimer raised their price objective on shares of Netskope from $16.00 to $19.00 and gave the stock an “outperform” rating in a report on Wednesday, August 19th. Finally, TD Cowen reiterated a “buy” rating and issued a $19.00 target price on shares of Netskope in a research note on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $17.71.

Netskope Price Performance

Netskope stock traded down $0.30 during midday trading on Wednesday, reaching $13.75. 8,100,569 shares of the stock were exchanged, compared to its average volume of 4,632,657. The company has a debt-to-equity ratio of 4.06, a quick ratio of 2.16 and a current ratio of 2.17. Netskope has a 52 week low of $7.66 and a 52 week high of $27.99. The firm has a market cap of $5.55 billion and a PE ratio of -68.75. The company’s fifty day moving average is $13.19 and its 200-day moving average is $11.26.

Netskope (NASDAQ:NTSK) last posted its quarterly earnings data on Wednesday, June 3rd. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.01. The business had revenue of $201.59 million for the quarter. Netskope’s revenue for the quarter was up 27.8% on a year-over-year basis. On average, sell-side analysts forecast that Netskope will post -0.88 EPS for the current year.

Insider Activity at Netskope

In other Netskope news, Director Arif Janmohamed sold 336,173 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $9.00, for a total transaction of $3,025,557.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director William J.G. Griffith purchased 64,771 shares of the firm’s stock in a transaction on Monday, July 13th. The shares were acquired at an average cost of $12.42 per share, for a total transaction of $804,455.82. Following the completion of the purchase, the director directly owned 916,690 shares of the company’s stock, valued at approximately $11,385,289.80. This represents a 7.60% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders have acquired 1,833,380 shares of company stock valued at $21,960,909 and have sold 3,529,696 shares valued at $33,002,807. 25.52% of the stock is owned by insiders.

Hedge Funds Weigh In On Netskope

Institutional investors and hedge funds have recently made changes to their positions in the business. Virtu Financial LLC increased its holdings in shares of Netskope by 239.4% in the fourth quarter. Virtu Financial LLC now owns 32,512 shares of the company’s stock worth $570,000 after buying an additional 22,932 shares during the period. &PARTNERS purchased a new position in Netskope in the 4th quarter worth approximately $562,000. XTX Topco Ltd lifted its position in Netskope by 11.3% in the fourth quarter. XTX Topco Ltd now owns 28,956 shares of the company’s stock valued at $508,000 after purchasing an additional 2,950 shares during the last quarter. Jump Financial LLC purchased a new position in shares of Netskope in the fourth quarter worth $495,000. Finally, LPL Financial LLC raised its holdings in Netskope by 150.6% during the 4th quarter. LPL Financial LLC now owns 25,479 shares of the company’s stock valued at $447,000 after buying an additional 15,313 shares during the last quarter.

Netskope Company Profile

We are redefining security and networking for the era of cloud and AI. The cloud and AI have completely revolutionized work. We are more dispersed, more productive, and more automated than ever before, and the rate of change is only accelerating. Not since the internet has there been such a transformative tectonic shift. But, with it has come collateral damage-traditional security and networking are now broken. We founded Netskope to address this revolution. We built Netskope One, our unified, cloud-native platform from the ground up to solve the challenge of securing and accelerating the digital interactions of enterprises in this new era.