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Forescout Technologies Inc (FSCT) Receives a Buy from Robert W. Baird


Robert W. Baird analyst Jonathan Ruykhaver reiterated a Buy rating on Forescout Technologies Inc (FSCT) today and set a price target of $42. The company’s shares closed yesterday at $28.11.

According to TipRanks.com, Ruykhaver is a 5-star analyst with an average return of 24.4% and a 71.4% success rate. Ruykhaver covers the Technology sector, focusing on stocks such as Proofpoint Inc, Mimecast Ltd, and Check Point.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Forescout Technologies Inc with a $42.25 average price target.

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Based on Forescout Technologies Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $20.41 million. In comparison, last year the company had a GAAP net loss of $7.17 million.

Based on the recent corporate insider activity of 85 insiders, corporate insider sentiment is negative on the stock.

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ForeScout Technologies, Inc. engages in the provision of network access control and policy compliance solutions. Its products include CounterACT, ForeScout Extended Modules and CounterACT Enterprise Manager. The firm provides its services to the federal, defense, financial, healthcare and education industries.