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Investor Alert: Kaplan Fox Investigates Forescout Technologies, Inc. (NASDAQ: FSCT)

NEW YORK, Oct. 10, 2019 /PRNewswire/ -- Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) has been investigating claims on behalf of investors who purchased shares of Forescout Technologies, Inc. ("Forescout" or the "Company") (FSCT).

On October 10, 2019, Forescout reported preliminary third quarter 2019 financial results, including a revenue miss. Specifically, the Company announced that total revenue for the third quarter is expected to be in a range of approximately $90.6 million to $91.6 million, well below its prior guidance range of $98.8 million to $101.8 million. Forescout also announced that the Company expects a Non-GAAP operating loss for third quarter in the range of $1.6 million to $1.4 million compared to its prior guidance of an operating profit in the range of $2.6 million to $3.6 million.

Forescout's CEO & President Michael DeCesare stated "Q3 results were impacted by extended approval cycles which pushed several deals out of the third quarter. . . ."

On October 10, 2019, Forescout's shares plummeted in midday trading by more than $13, or over 34%, on heavier than usual volume, to about $25.50 per share.   

If you purchased Forescout shares and would like to discuss our investigation, please contact us by emailing pmayer@kaplanfox.com or by calling 800-290-1952.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Kaplan Fox & Kilsheimer LLP, with offices in New York, San Francisco, Los Angeles, Chicago and New Jersey, has many years of experience in prosecuting investor class actions. For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com. If you have any questions about your rights or interests, please contact:

Frederic S. Fox
850 Third Avenue, 14th Floor
New York, New York 10022
(800) 290-1952
(212) 687-1980
Fax: (212) 687-7714
E-mail: ffox@kaplanfox.com

Laurence D. King
350 Sansome Street, Suite 400
San Francisco, California 94104
(415) 772-4700
Fax: (415) 772-4707
E-mail: lking@kaplanfox.com


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