Netskope Inc (NASDAQ:NTSK) reported upbeat results for the fourth quarter on Wednesday.
The company posted quarterly losses of 4 cents per share which beat the analyst consensus estimate of losses of 7 cents per share. The company reported quarterly sales of $196.330 million which beat the analyst consensus estimate of $188.829 million.
Netskope said it sees FY2027 adjusted EPS of $(0.19) versus market estimates of $(0.20). The company expects sales of $870.000 million-$876.000 million, versus estimates of $865.238 million.
“We closed fiscal 2026 on a strong note, delivering record net new ARR in Q4 and achieving our first full year of positive free cash flow,” said Sanjay Beri, CEO of Netskope. “The AI Supercycle is here, demanding a new standard for high-performance security and networking. We believe the next decade will be defined by an intelligent edge. Our Netskope One platform combined with our NewEdge network is exactly that – a structural architecture built specifically for the requirements of an autonomous, agentic economy.”
Netskope shares fell 24.6% to trade at $9.14 on Thursday.
These analysts made changes to their price targets on Netskope following earnings announcement.
- BTIG analyst Gray Powell maintained Netskope with a Buy and lowered the price target from $22 to $17.
- Morgan Stanley analyst Meta Marshall maintained the stock with an Overweight rating and cut the price target from $27 to $18.
- Baird analyst Shrenik Kothari maintained Netskope with an Outperform rating and lowered the price target from $27 to $20.
- Mizuho analyst Gregg Moskowitz maintained the stock with an Outperform rating and lowered the price target from $20 to $16.
- Citizens analyst Trevor Walsh maintained Netskope with a Market Outperform and lowered the price target from $27 to $23.
- Keybanc analyst Eric Heath maintained the stock with an Overweight rating and cut the price target from $17 to $15.
Considering buying NTSK stock? Here’s what analysts think:
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