Forescout Technologies Inc (NASDAQ:FSCT) SVP Darren J. Milliken sold 3,870 shares of the firm’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of $25.74, for a total transaction of $99,613.80.
Forescout Technologies stock opened at $25.57 on Tuesday. Forescout Technologies Inc has a 12-month low of $22.01 and a 12-month high of $46.43. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of -14.78 and a beta of 1.58. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 1.15. The firm’s fifty day moving average price is $35.56 and its 200 day moving average price is $36.49.
Forescout Technologies (NASDAQ:FSCT) last released its quarterly earnings results on Wednesday, August 7th. The company reported ($0.33) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.80) by $0.47. Forescout Technologies had a negative net margin of 28.14% and a negative return on equity of 73.42%. The firm had revenue of $78.28 million for the quarter, compared to the consensus estimate of $77.22 million. During the same quarter in the previous year, the firm posted ($0.18) EPS. The firm’s quarterly revenue was up 15.8% on a year-over-year basis. Analysts forecast that Forescout Technologies Inc will post -1.84 earnings per share for the current fiscal year.
A number of equities analysts have recently commented on the stock. ValuEngine raised shares of Forescout Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, October 10th. FBN Securities set a $35.00 target price on shares of Forescout Technologies and gave the company a “buy” rating in a research note on Friday. JPMorgan Chase & Co. downgraded shares of Forescout Technologies from an “overweight” rating to a “neutral” rating and cut their target price for the company from $54.00 to $35.00 in a research note on Thursday, October 10th. Macquarie set a $33.00 target price on shares of Forescout Technologies and gave the company a “hold” rating in a research note on Friday. Finally, Zacks Investment Research raised shares of Forescout Technologies from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research note on Monday, August 12th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Forescout Technologies currently has an average rating of “Buy” and an average target price of $41.60.
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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