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

By Ryan Adsit

Robert W. Baird analyst Jonathan Ruykhaver maintained a Buy rating on Forescout Technologies Inc (FSCTResearch Report) today and set a price target of $44.00. The company’s shares closed last Monday at $25.60, close to its 52-week low of $22.01.

According to, Ruykhaver is a 5-star analyst with an average return of 16.1% and a 64.7% success rate. Ruykhaver covers the Technology sector, focusing on stocks such as Carbon Black Inc, Varonis Systems, and Proofpoint Inc.

Forescout Technologies Inc has an analyst consensus of Moderate Buy, with a price target consensus of $42.50.

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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 $30.76 million. In comparison, last year the company had a GAAP net loss of $8.29 million.

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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.