Netskope (NASDAQ:NTSK) Now Covered by Analysts at Cantor Fitzgerald

Key Points

• Cantor Fitzgerald initiated coverage of Netskope with an “overweight” rating and a $28 price target, implying about 28% upside from the current share price.
• Analyst sentiment is broadly positive: the stock has a “Moderate Buy” consensus rating and an average price target of $19.66, with 17 of 20 analysts rating it Buy or Strong Buy.
• Netskope reported quarterly EPS of -$0.03, beating the -$0.26 consensus estimate, and revenue of $220.54 million; analysts forecast a full-year loss of $0.82 per share.

Investment analysts at Cantor Fitzgerald assumed coverage on shares of Netskope (NASDAQ:NTSK - Get Free Report) in a research report issued to clients and investors on Wednesday, MarketBeat reports. The firm set an "overweight" rating and a $28.00 price target on the stock. Cantor Fitzgerald's price target indicates a potential upside of 28.21% from the company's current price.

Several other brokerages have also commented on NTSK. JPMorgan Chase & Co. boosted their price target on Netskope from $16.00 to $18.00 and gave the company an "overweight" rating in a research note on Thursday, September 3rd. Wells Fargo & Company lifted their price objective on Netskope from $17.00 to $22.00 and gave the company an "overweight" rating in a report on Thursday, October 15th. Oppenheimer boosted their target price on shares of Netskope from $16.00 to $19.00 and gave the company an "outperform" rating in a research note on Wednesday, August 19th. TD Cowen reaffirmed a "buy" rating and issued a $19.00 target price on shares of Netskope in a report on Monday, August 17th. Finally, Stephens began coverage on shares of Netskope in a research report on Monday, September 14th. They set an "overweight" rating and a $21.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $19.66.

Netskope Stock Performance

NTSK opened at $21.84 on Wednesday. The stock's 50 day moving average price is $18.65 and its two-hundred day moving average price is $13.29. The company has a quick ratio of 2.00, a current ratio of 2.01 and a debt-to-equity ratio of 4.45. Netskope has a 12-month low of $7.66 and a 12-month high of $26.71.

Netskope (NASDAQ:NTSK - Get Free Report) last issued its quarterly earnings results on Wednesday, September 2nd. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.23. Netskope had a negative return on equity of 83.84% and a negative net margin of 91.84%. The company had revenue of $220.54 million for the quarter. Netskope has set its FY 2027 guidance at -0.150--0.150 EPS and its Q3 2027 guidance at -0.040--0.030 EPS. Sell-side analysts predict that Netskope will post -0.82 earnings per share for the current year.

Insider Activity at Netskope

In other news, major shareholder Lightspeed Venture Partners Se sold 10,621 shares of the stock in a transaction on Friday, September 11th. The stock was sold at an average price of $14.90, for a total transaction of $158,252.90. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 25.52% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Pictet Asset Management Holding SA raised its position in shares of Netskope by 34.6% during the third quarter. Pictet Asset Management Holding SA now owns 21,835 shares of the company's stock worth $381,000 after acquiring an additional 5,610 shares during the last quarter. Parallel Advisors LLC bought a new position in Netskope in the third quarter valued at about $33,000. Calamos Advisors LLC acquired a new stake in Netskope in the third quarter worth about $284,000. Pathway Capital Management LP acquired a new position in Netskope during the 3rd quarter valued at about $579,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in Netskope during the 3rd quarter valued at about $1,838,000.

Netskope Company Profile

Netskope, Inc is a cybersecurity company that provides cloud-based security and networking solutions for organizations operating in cloud, web, data center and remote-work environments. Its platform is designed to help enterprises protect data, applications and users while providing visibility and control across distributed information-technology environments.

The company's Netskope One platform brings together security service edge (SSE) and secure access service edge (SASE) capabilities.

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