Media coverage about ForeScout Technologies (NASDAQ:FSCT) has trended somewhat positive this week, according to Accern. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. ForeScout Technologies earned a news impact score of 0.00 on Accern’s scale. Accern also gave news headlines about the company an impact score of 47.3892020325687 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news headlines that may have effected Accern’s scoring:
- ForeScout Technologies (FSCT) Major Shareholder Sells $28,030,829.60 in Stock (americanbankingnews.com)
- Michael Decesare Sells 210,000 Shares of ForeScout Technologies (FSCT) Stock (americanbankingnews.com)
- ForeScout Technologies (FSCT) Vice Chairman David G. Dewalt Sells 251,870 Shares (americanbankingnews.com)
- Insider Selling: ForeScout Technologies (FSCT) Director Sells 125,000 Shares of Stock (americanbankingnews.com)
- Insider Selling: ForeScout Technologies (FSCT) Chairman Sells 113,137 Shares of Stock (americanbankingnews.com)
NASDAQ:FSCT traded up $1.54 during trading hours on Thursday, reaching $32.44. 1,085,724 shares of the company traded hands, compared to its average volume of 253,938. ForeScout Technologies has a 1 year low of $21.56 and a 1 year high of $37.79. The company has a current ratio of 1.77, a quick ratio of 1.75 and a debt-to-equity ratio of 0.29.
A number of research analysts have recently commented on the company. Morgan Stanley set a $31.00 target price on ForeScout Technologies and gave the company a “hold” rating in a research note on Thursday, February 8th. Bank of America restated a “buy” rating and issued a $35.00 target price (up previously from $30.00) on shares of ForeScout Technologies in a research note on Thursday, December 28th. They noted that the move was a valuation call. Finally, UBS set a $30.00 target price on ForeScout Technologies and gave the company a “buy” rating in a research note on Friday, December 8th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $31.83.
In other ForeScout Technologies news, CEO Michael Decesare sold 210,000 shares of ForeScout Technologies stock in a transaction on Friday, March 23rd. The stock was sold at an average price of $27.64, for a total transaction of $5,804,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Yehezkel Yeshurun sold 113,137 shares of ForeScout Technologies stock in a transaction on Friday, March 23rd. The shares were sold at an average price of $27.64, for a total value of $3,127,106.68. The disclosure for this sale can be found here. Insiders have sold 1,801,916 shares of company stock valued at $49,804,958 in the last quarter.
COPYRIGHT VIOLATION NOTICE: “ForeScout Technologies (NASDAQ:FSCT) Receiving Somewhat Favorable Press Coverage, Analysis Finds” was reported by BBNS and is owned by of BBNS. If you are reading this piece on another publication, it was illegally copied and republished in violation of US & international trademark and copyright laws. The original version of this piece can be read at https://baseballnewssource.com/2018/03/29/somewhat-positive-media-coverage-somewhat-unlikely-to-affect-forescout-technologies-fsct-share-price/1972365.html.
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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