NEW YORK, Nov. 14, 2019 (GLOBE NEWSWIRE) -- Levi & Korsinsky notifies investors that it has commenced an investigation of Forescout Technologies, Inc. (“Forescout” or “the Company”) (FSCT) concerning possible violations of federal securities laws.
On February 7, 2019, after the market close, Forescout issued a press release for its FY 2018 financial results emphasizing a “record number of new customer additions,” “strong international growth,” and “large expansion deals.” However, on October 10, 2019, Forescout announced disappointing “preliminary” 3Q 2019 financial results, substantially lowering its projected revenue and earnings, pointing to deals that were “no longer expected to close during the fourth quarter, due to customer environmental dynamics, that elongated deal cycles.”
Following these disclosures, the price of Forescout shares fell over 37%. To obtain additional information, go to:
or contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500.
Levi & Korsinsky is a national firm with offices in New York, California, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
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New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171