Netskope (NASDAQ:NTSK) Updates FY 2027 Earnings Guidance

Key Points

• Netskope raised its FY 2027 outlook, guiding for EPS of approximately -$0.15 versus analysts’ -$0.32 consensus and revenue of $888 million-$892 million, ahead of the $881 million consensus estimate. Q3 2027 EPS guidance was set at -$0.04 to -$0.03.
• Wall Street sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $17.71; recent targets range from $16 to $19.
• Netskope shares fell $0.30 to $13.75 in Wednesday trading, while insider activity was mixed: insiders bought 1.83 million shares and sold 3.53 million shares over the past quarter.

Netskope (NASDAQ:NTSK - Get Free Report) issued an update on its FY 2027 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of -0.150--0.150 for the period, compared to the consensus earnings per share estimate of -0.320. The company issued revenue guidance of $888.0 million-$892.0 million, compared to the consensus revenue estimate of $881.0 million. Netskope also updated its Q3 2027 guidance to -0.040--0.030 EPS.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on NTSK. JPMorgan Chase & Co. boosted their price objective on shares of Netskope from $14.00 to $16.00 and gave the stock an "overweight" rating in a report on Wednesday, August 26th. Mizuho set a $16.00 price target on shares of Netskope in a report on Wednesday, August 19th. Royal Bank Of Canada lifted their price objective on Netskope from $13.00 to $18.00 and gave the stock an "outperform" rating in a research report on Friday, August 14th. TD Cowen restated a "buy" rating and issued a $19.00 price objective on shares of Netskope in a report on Monday, August 17th. Finally, Weiss Ratings restated a "sell (e+)" rating on shares of Netskope in a research report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Netskope has a consensus rating of "Moderate Buy" and a consensus price target of $17.71.

Netskope Stock Performance

NASDAQ NTSK traded down $0.30 during trading hours on Wednesday, reaching $13.75. The stock had a trading volume of 7,809,844 shares, compared to its average volume of 4,632,657. The stock has a market cap of $5.55 billion and a P/E ratio of -68.75. Netskope has a 52-week low of $7.66 and a 52-week high of $27.99. The stock has a fifty day moving average of $13.19 and a 200 day moving average of $11.26. The company has a debt-to-equity ratio of 4.06, a quick ratio of 2.16 and a current ratio of 2.17.

Netskope (NASDAQ:NTSK - Get Free Report) last released its quarterly earnings data on Wednesday, September 2nd. The company reported ($0.03) EPS for the quarter. 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 -0.88 earnings per share for the current year.

Insider Buying and Selling at Netskope

In other Netskope news, major shareholder Iconiq Strategic Partners Viii acquired 64,771 shares of the firm's stock in a transaction dated Monday, July 13th. The stock was purchased at an average price of $12.42 per share, for a total transaction of $804,455.82. Following the acquisition, the insider owned 916,690 shares in the company, valued at approximately $11,385,289.80. This trade represents a 7.60% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Lightspeed Venture Partners Se sold 219,075 shares of the company's stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $12.23, for a total transaction of $2,679,287.25. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders acquired 1,833,380 shares of company stock worth $21,960,909 and sold 3,529,696 shares worth $33,002,807. 25.52% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Netskope

Institutional investors have recently bought and sold shares of the company. Quarry LP purchased a new position in Netskope in the 3rd quarter valued at about $41,000. Triumph Capital Management increased its position in shares of Netskope by 380.0% during the 4th quarter. Triumph Capital Management now owns 2,400 shares of the company's stock valued at $42,000 after purchasing an additional 1,900 shares during the period. Wells Fargo & Company MN raised its holdings in shares of Netskope by 261.7% in the 4th quarter. Wells Fargo & Company MN now owns 3,617 shares of the company's stock worth $63,000 after purchasing an additional 2,617 shares in the last quarter. Advisors Asset Management Inc. purchased a new position in Netskope in the 4th quarter worth about $64,000. Finally, Federation des caisses Desjardins du Quebec lifted its holdings in shares of Netskope by 35.3% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 9,200 shares of the company's stock valued at $161,000 after purchasing an additional 2,400 shares in the last quarter.

Netskope Company Profile

We are redefining security and networking for the era of cloud and AI. The cloud and AI have completely revolutionized work. We are more dispersed, more productive, and more automated than ever before, and the rate of change is only accelerating. Not since the internet has there been such a transformative tectonic shift. But, with it has come collateral damage-traditional security and networking are now broken. We founded Netskope to address this revolution. We built Netskope One, our unified, cloud-native platform from the ground up to solve the challenge of securing and accelerating the digital interactions of enterprises in this new era.

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