By Nicholas G. Miller
Shares of Netskope slid after the company provided mixed guidance compared with expectations.
The stock fell 15% to $10.30 in off-hours trading. It was down 31% this year through Wednesday's close.
The company's fourth-quarter results largely beat expectations, but KeyBanc analysts Eric Heath and Ritu Kashyap said in a note that some metrics in the company's outlook disappointed.
The analysts said that the company's fiscal 2027 earnings before interest and taxes margin guidance missed consensus expectations, with Netskope management noting that it is investing in sales capacity and AI tools for the research and development team.
The analysts lowered their price target to $15 from $17.
Write to Nicholas G. Miller at nicholas.miller@wsj.com.
(END) Dow Jones Newswires
March 12, 2026 06:33 ET (10:33 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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