U.S. Markets open in 3 hrs 18 mins

Free Post Earnings Research Report: ForeScout’s Revenues Surged 42%; Net Loss Narrowed

Stock Monitor: Agilysys Post Earnings Reporting

LONDON, UK / ACCESSWIRE / June 19, 2018 / If you want access to our free earnings report on ForeScout Technologies, Inc. (FSCT) (“ForeScout”), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=FSCT. The Company reported its first quarter fiscal 2018 operating and financial results on May 10, 2018. The Internet of Things (IoT) security Company outperformed top- and bottom-line expectations. Additionally, the Company provided guidance for the upcoming quarter and fiscal year. Register today and get access to over 1,000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is currently working on the research report for Agilysys, Inc. (NASDAQ: AGYS), which also belongs to the Technology sector as the Company ForeScout Technologies. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/?symbol=AGYS

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, ForeScout Technologies most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=FSCT

Earnings Highlights and Summary

For the first quarter ended March 31, 2018, ForeScout's total revenues were $59.7 million, reflecting an increase of 42% compared to $42.2 million in Q1 2017. The Company's revenue numbers beat analysts' estimates by $3.77 million.

During Q1 2018, ForeScout's product revenues soared 47% to $29.8 million compared to $20.3 million in Q1 2017. The Company's maintenance and professional services revenues were $29.9 million in the reported quarter, representing a growth of 37% compared to $21.9 million in the year earlier same quarter.

For Q1 2018, ForeScout's GAAP gross profit was $43.2 million, or 72% of total revenues, compared to $29.7 million, or 70% of total revenues, in Q1 2017. The Company's non-GAAP gross profit was $44.0 million, or 74% of total revenues, in the reported quarter versus $30.0 million, or 71% of total revenues, in the prior year's comparable quarter.

ForeScout recorded a GAAP operating loss of $27.5 million, or 46% of total revenues, in Q1 2018 compared to an operating loss of $25.6 million, or 61% of total revenues, in Q1 2017. The Company's non-GAAP operating loss came in at $13.9 million, or 23% of total revenues, in the reported quarter compared to an operating loss of $21.3 million, or 51% of total revenues, in the year earlier corresponding quarter.

For Q1 2018, ForeScout reported a GAAP net loss of $28.2 million, or $0.74 loss per share, compared to a GAAP net loss of $27.1 million, or $4.57 loss per share, in Q1 2017. The Company's non-GAAP net loss narrowed to $14.6 million, or $0.38 loss per share, in the reported quarter compared to $22.5 million, or $3.79 loss per share, in the year earlier same quarter. ForeScout's earnings numbers were better than Wall Street's estimates for a loss of $0.45 per share.

Cash Matters

During Q1 2018, ForeScout's net cash provided by operating activities was $24.5 million, or 41% of total revenues, compared to $12.8 million, or 30% of total revenues, in Q1 2017, reflecting an improvement of 1,100 basis points (bps). The Company's free cash flow was $22.1 million, or 37% of total revenues, in the reported quarter versus $11.5 million, or 27% of total revenues, in the year earlier comparable quarter; representing an improvement of 1,000 bps margin on a y-o-y basis.

Outlook

For the second quarter of the fiscal year 2018, ForeScout is forecasting revenues to be in the range of $61.0 million - $64.0 million, the midpoint of which would represent a y-o-y growth of 25%. For the upcoming quarter, the Company is expecting non-GAAP operating loss to be in the band of $14.6 million to $13.8 million, and non-GAAP net loss per share to be in the range of $0.39 to $0.37.

For the full fiscal year 2018, ForeScout is projecting revenues to be in the band of $270.4 million to $280.4 million, the midpoint of which would represent a y-o-y growth of 23%. The Company is expecting non-GAAP operating loss to be in the range of $40.0 million to $36.0 million, and non-GAAP net loss per share to be in the band of $1.08 to $1.00.

Stock Performance Snapshot

June 18, 2018 - At Monday's closing bell, ForeScout Technologies' stock marginally advanced 0.77%, ending the trading session at $36.43.

Volume traded for the day: 743.83 thousand shares, which was above the 3-month average volume of 651.00 thousand shares.

Stock performance in the last month – up 17.36%; previous three-month period – up 17.14%; past six-month period – up 25.36%; and year-to-date – up 14.24%

After yesterday's close, ForeScout Technologies' market cap was at $1.49 billion.

The stock is part of the Technology sector, categorized under the Application Software industry. This sector was up 0.2% at the end of the session.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com

Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors