Netskope Analysts Boost Their Forecasts Following Q3 Results

Core Insights - Netskope Inc reported a third-quarter loss of 10 cents per share, outperforming the analyst consensus estimate of a 40 cents loss per share [1] - The company achieved quarterly sales of $184.200 million, exceeding the analyst consensus estimate of $175.919 million [1] - For FY25, Netskope anticipates adjusted losses between 53 cents to 51 cents per share, with projected revenue of $701 million to $703 million [1] Group 1 - CEO Sanjay Beri highlighted strong demand for the Netskope One platform, driven by cloud modernization and AI, and emphasized the company's estimated $149 billion market opportunity [2] - Despite positive earnings, Netskope shares fell by 11.4% to $20.81 following the announcement [2] Group 2 - Analysts have adjusted their price targets for Netskope post-earnings, with Keybanc raising the target from $27 to $28 while maintaining an Overweight rating [4] - Mizuho maintained an Outperform rating and increased the price target from $25 to $26 [4] - RBC Capital also maintained an Outperform rating, raising the price target from $26 to $27 [4]