Forescout Technologies (NASDAQ:FSCT) announced its quarterly earnings data on Thursday. The company reported ($0.09) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.03), Bloomberg Earnings reports. Forescout Technologies had a negative return on equity of 112.57% and a negative net margin of 35.19%. The company had revenue of $91.30 million for the quarter, compared to analyst estimates of $95.23 million. During the same period in the prior year, the firm posted ($0.01) earnings per share. The business’s quarterly revenue was up 7.8% compared to the same quarter last year.
FSCT traded down $0.08 on Friday, reaching $33.20. The company’s stock had a trading volume of 3,367,243 shares, compared to its average volume of 1,856,720. The stock has a 50 day moving average of $31.94 and a two-hundred day moving average of $33.81. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.18 and a current ratio of 1.18. Forescout Technologies has a fifty-two week low of $23.95 and a fifty-two week high of $46.43.
In related news, Vice Chairman David G. Dewalt sold 41,559 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $31.52, for a total value of $1,309,939.68. Following the completion of the transaction, the insider now directly owns 510,306 shares of the company’s stock, valued at $16,084,845.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Pedro Abreu sold 8,040 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $28.63, for a total value of $230,185.20. Following the completion of the sale, the insider now owns 116,288 shares of the company’s stock, valued at approximately $3,329,325.44. The disclosure for this sale can be found here. Insiders sold 244,401 shares of company stock valued at $8,283,322 over the last ninety days. 13.80% of the stock is currently owned by corporate insiders.
A number of brokerages have recently commented on FSCT. Needham & Company LLC reissued a “hold” rating on shares of Forescout Technologies in a research report on Thursday, November 7th. Robert W. Baird reaffirmed a “buy” rating on shares of Forescout Technologies in a report on Thursday. Piper Sandler reaffirmed a “neutral” rating and issued a $33.00 price target (down from $45.00) on shares of Forescout Technologies in a report on Thursday. Berenberg Bank downgraded Forescout Technologies from a “buy” rating to a “hold” rating and set a $33.00 price target for the company. in a report on Friday. Finally, BidaskClub downgraded Forescout Technologies from a “sell” rating to a “strong sell” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $37.42.
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 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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