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Saturday, September 26, 2020

Forescout Technologies Inc. (NASDAQ:FSCT) is Holding Steady

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The Forescout Technologies Inc. (FSCT) shares are trading at lower $28.99 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $30.86.

To add more color to this target, the company’s high over the last year is $40.06 and the low is $18.10. Over the last 52 weeks, FSCT is down -27.63% while the S&P 500 is down -0.18%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, FSCT reported a profit of $60.41 million. Forescout Technologies Inc. also saw revenues increase to $79.88 million. In addition, FSCT has free cash flow of -$46.13 million as of 06-2020. The company’s EBITDA came in at -$19.28 million which compares well with its peers.

FSCT booked profit margins of -43.20%, its Return on Equity (ROE) is -190.10%, and its Return on Assets is -36.40%. All told, it is clear that, FSCT needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. FSCT has a short ratio of 3.93 and outstanding shares of 49.37M.

Company Outlook

FSCT has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.24 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -2.88. Forescout Technologies Inc. FSCT also noted assets of $339.73 million at the end of the last quarter. Investors should also keep an eye on sector updates as FSCT has historically followed its peers on positive news.

All told, Forescout Technologies Inc. FSCT has strung together solid data and demonstrated underlying fundamentals. At its current valuation, FSCT represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Forescout Technologies Inc. FSCT is now commanding a market cap of 1.44B and a float of 47.25M. FSCT is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of FSCT stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in FSCT, either long or short, and we have not been compensated for this article.

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