Netskope (NASDAQ:NTSK) Updates Q3 2027 Earnings Guidance

Netskope (NASDAQ:NTSK) updated its third quarter 2027 earnings guidance on Wednesday morning. The company provided 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.

Netskope Price Performance

NASDAQ NTSK traded down $0.30 during trading hours on Wednesday, reaching $13.75. 7,809,844 shares of the stock traded hands, compared to its average volume of 4,632,657. The stock has a 50 day simple moving average of $13.19 and a two-hundred day simple moving average of $11.26. The company has a debt-to-equity ratio of 4.06, a current ratio of 2.17 and a quick ratio of 2.16. Netskope has a 1 year low of $7.66 and a 1 year high of $27.99. The company has a market cap of $5.55 billion and a price-to-earnings ratio of -68.75.

Netskope (NASDAQ:NTSK) last issued its quarterly earnings results on Wednesday, September 2nd. The company reported ($0.03) EPS for the quarter. The firm had revenue of $220.54 million during the quarter. Netskope has set its FY 2027 guidance at -0.150–0.150 EPS and its Q3 2027 guidance at -0.040–0.030 EPS. On average, analysts predict that Netskope will post -0.88 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on NTSK. JPMorgan Chase & Co. lifted their price objective on Netskope from $14.00 to $16.00 and gave the company an “overweight” rating in a report on Wednesday, August 26th. KeyCorp increased their price objective on shares of Netskope from $16.00 to $17.50 and gave the stock an “overweight” rating in a research note on Friday, August 21st. Morgan Stanley dropped their price objective on shares of Netskope from $18.00 to $14.00 and set an “overweight” rating on the stock in a research note on Thursday, June 4th. Deutsche Bank Aktiengesellschaft set a $17.00 price target on Netskope in a report on Monday, August 17th. Finally, Wells Fargo & Company boosted their target price on shares of Netskope from $13.00 to $17.00 and gave the stock an “overweight” rating in a research note on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Netskope currently has an average rating of “Moderate Buy” and an average price target of $17.71.

Insider Activity

In other news, major shareholder Lightspeed Venture Partners Se sold 1,313,827 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $9.19, for a total transaction of $12,074,070.13. Following the completion of the transaction, the insider directly owned 336,173 shares of the company’s stock, valued at approximately $3,089,429.87. This represents a 79.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Arif Janmohamed sold 1,313,827 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $9.19, for a total transaction of $12,074,070.13. Following the completion of the sale, the director owned 336,173 shares of the company’s stock, valued at $3,089,429.87. This trade represents a 79.63% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, 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 currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. bought a new stake in shares of Netskope during the 3rd quarter worth $249,000. Legal & General Group Plc acquired a new stake in shares of Netskope in the third quarter valued at about $1,677,000. Franklin Resources Inc. bought a new position in shares of Netskope in the third quarter worth about $17,460,000. Invesco Ltd. acquired a new position in shares of Netskope during the 3rd quarter worth about $10,327,000. Finally, Squarepoint Ops LLC acquired a new stake in Netskope in the 3rd quarter valued at approximately $14,774,000.

About Netskope

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.