Glancy Prongay & Murray LLP ("GPM") announces an investigation on behalf of Forescout Technologies, Inc. ("Forescout" or the "Company") (NASDAQ: FSCT) investors concerning the Company and its officers’ possible violations of federal securities laws.
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On October 10, 2019, before the market opened, Forescout reduced third quarter 2019 revenue guidance to $90.6 million to $91.6 million, compared to prior guidance of $98.8 million to $101.8 million, due to "extended approval cycles which pushed several deals out of the third quarter," which "was most pronounced in EMEA."
On this news, Forescout’s stock price fell $14.63 per share, or more than 37%, to close at $24.57 per share on October 10, 2019, thereby injuring investors.
If you purchased Forescout securities, have information, or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Charles H. Linehan, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, CA 90067 at 310-201-9150, Toll-Free at 888-773-9224, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number, and the number of shares purchased.
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