ForeScout Technologies, Inc. (FSCT) Tops Q3 EPS by 36c, Beats on Revenues; Offers Q4 and FY EPS/Revenue Guidance

ForeScout Technologies, Inc. (NASDAQ: FSCT) reported Q3 EPS of ($0.53), $0.36 better than the analyst estimate of ($0.89). Revenue for the quarter came in at $64.4 million versus the consensus estimate of $63.98 million.

Fourth Quarter and Full Year 2017 Outlook

ForeScout provides guidance based on current market conditions and expectations.

For the fourth quarter of 2017, ForeScout expects:

• Revenue of $61 million - $63 million, representing year-over-year growth of 25 percent at the midpoint.
• Non-GAAP operating loss of ($11) - ($9) million.
• Non-GAAP net loss per share of ($0.39) - ($0.32) using approximately 28.7 million basic and diluted shares outstanding.

For the full year 2017, ForeScout expects:

• Revenue of $216 million - $218 million, representing year-over-year growth of 30 percent at the midpoint.
• Non-GAAP operating loss of ($51) - ($49) million.
• Non-GAAP net loss per share of ($4.56) - ($4.39) using approximately 11.8 million basic and diluted shares outstanding.

GUIDANCE:

ForeScout Technologies, Inc. sees FY2017 EPS of ($4.56)-($4.39), versus the consensus of ($5.09). ForeScout Technologies, Inc. sees FY2017 revenue of $216-218 million, versus the consensus of $212.81 million.

For earnings history and earnings-related data on ForeScout Technologies, Inc. (FSCT) click here.

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