Media headlines about Forescout Technologies (NASDAQ:FSCT) have been trending somewhat positive recently, according to Accern Sentiment. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Forescout Technologies earned a news sentiment score of 0.21 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 46.0398518790652 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Forescout Technologies to $46.00 and gave the company an “overweight” rating in a report on Friday, August 10th. Citigroup lifted their price objective on shares of Forescout Technologies from $33.00 to $38.00 and gave the company a “neutral” rating in a report on Tuesday, July 24th. Zacks Investment Research upgraded shares of Forescout Technologies from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a report on Tuesday, July 24th. Monness Crespi & Hardt assumed coverage on shares of Forescout Technologies in a report on Monday, July 9th. They set a “buy” rating and a $42.00 price objective for the company. Finally, UBS Group lifted their price objective on shares of Forescout Technologies from $40.00 to $42.00 and gave the company a “buy” rating in a report on Friday, August 10th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $38.67.
Shares of NASDAQ:FSCT traded up $0.41 during trading hours on Friday, hitting $36.32. The company’s stock had a trading volume of 489,206 shares, compared to its average volume of 535,628. Forescout Technologies has a 52 week low of $21.56 and a 52 week high of $38.45. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.16 and a current ratio of 2.17. The firm has a market cap of $1.50 billion and a P/E ratio of -4.58.
Forescout Technologies (NASDAQ:FSCT) last posted its quarterly earnings results on Thursday, August 9th. The company reported ($0.18) EPS for the quarter, beating the consensus estimate of ($0.37) by $0.19. The business had revenue of $67.59 million during the quarter, compared to the consensus estimate of $63.57 million. During the same quarter in the prior year, the firm posted ($2.31) EPS. The company’s revenue for the quarter was up 35.2% compared to the same quarter last year. research analysts predict that Forescout Technologies will post -0.95 EPS for the current fiscal year.
In other news, Chairman Yehezkel Yeshurun sold 35,000 shares of the business’s stock in a transaction dated Monday, August 13th. The shares were sold at an average price of $34.79, for a total value of $1,217,650.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Enrique T. Salem sold 3,000 shares of the business’s stock in a transaction dated Wednesday, June 20th. The shares were sold at an average price of $35.71, for a total transaction of $107,130.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 215,111 shares of company stock valued at $6,995,930. Company insiders own 36.20% of the company’s stock.
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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