Forescout Technologies Inc (NASDAQ:FSCT) SVP Darren J. Milliken sold 24,096 shares of the firm’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $35.31, for a total transaction of $850,829.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Forescout Technologies stock traded down $1.61 during mid-day trading on Friday, reaching $34.02. The company had a trading volume of 422,200 shares, compared to its average volume of 629,975. Forescout Technologies Inc has a 1 year low of $22.01 and a 1 year high of $46.43. The company has a current ratio of 1.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.26. The stock has a market cap of $1.60 billion, a PE ratio of -19.91 and a beta of 1.32.
Forescout Technologies (NASDAQ:FSCT) last issued its earnings results on Thursday, May 9th. The company reported ($0.41) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.44) by $0.03. Forescout Technologies had a negative net margin of 25.80% and a negative return on equity of 63.71%. The company had revenue of $78.60 million during the quarter, compared to analysts’ expectations of $73.71 million. During the same period last year, the company posted ($0.38) earnings per share. The firm’s quarterly revenue was up 31.7% compared to the same quarter last year. On average, sell-side analysts forecast that Forescout Technologies Inc will post -1.85 EPS for the current fiscal year.
A number of brokerages recently commented on FSCT. Morgan Stanley set a $42.00 price objective on shares of Forescout Technologies and gave the company a “buy” rating in a research report on Friday, February 8th. Zacks Investment Research downgraded shares of Forescout Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, May 7th. ValuEngine upgraded shares of Forescout Technologies from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. Monness Crespi & Hardt restated a “buy” rating and issued a $42.00 price objective (up previously from $40.00) on shares of Forescout Technologies in a research report on Friday, February 8th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $50.00 target price (up from $47.00) on shares of Forescout Technologies in a report on Monday, March 11th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $45.78.
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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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