Forescout Technologies Inc (FSCT) Vice Chairman Sells $1,752,511.46 in Stock
Forescout Technologies Inc (NASDAQ:FSCT) Vice Chairman David G. Dewalt sold 50,374 shares of Forescout Technologies stock in a transaction on Monday, August 13th. The shares were sold at an average price of $34.79, for a total value of $1,752,511.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Forescout Technologies stock opened at $32.81 on Friday. Forescout Technologies Inc 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 current ratio of 2.17 and a quick ratio of 2.16. The stock has a market cap of $1.41 billion and a P/E ratio of -4.23.
Forescout Technologies (NASDAQ:FSCT) last posted its earnings results on Thursday, August 9th. The company reported ($0.18) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.37) by $0.19. The business had revenue of $67.59 million for the quarter, compared to analysts’ expectations of $63.57 million. During the same quarter in the previous year, the firm earned ($2.31) earnings per share. Forescout Technologies’s quarterly revenue was up 35.2% compared to the same quarter last year. equities research analysts predict that Forescout Technologies Inc will post -1.02 earnings per share for the current fiscal year.
Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. lifted their price target on Forescout Technologies to $46.00 and gave the company an “overweight” rating in a research report on Friday, August 10th. Citigroup lifted their price target on Forescout Technologies from $33.00 to $38.00 and gave the company a “neutral” rating in a research report on Tuesday, July 24th. Zacks Investment Research upgraded Forescout Technologies from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a research report on Tuesday, July 24th. Monness Crespi & Hardt assumed coverage on Forescout Technologies in a research report on Monday, July 9th. They issued a “buy” rating and a $42.00 price target for the company. Finally, UBS Group lifted their price target on Forescout Technologies from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Friday, August 10th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Forescout Technologies has a consensus rating of “Buy” and an average price target of $38.67.
Forescout Technologies Company Profile
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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