Forescout Technologies (FSCT) Gets a Buy Rating from Morgan Stanley

In a report released today, Melissa Franchi from Morgan Stanley maintained a Buy rating on Forescout Technologies (FSCTResearch Report), with a price target of $37.00. The company’s shares closed last Monday at $29.91.

According to TipRanks.com, Franchi is a 1-star analyst with an average return of -1.0% and a 47.9% success rate. Franchi covers the Technology sector, focusing on stocks such as Varonis Systems, Proofpoint, and FireEye.

Forescout Technologies has an analyst consensus of Moderate Buy, with a price target consensus of $33.00, implying a 22.2% upside from current levels. In a report released yesterday, Robert W. Baird also reiterated a Buy rating on the stock.

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Based on Forescout Technologies’ 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.