NEW YORK–(BUSINESS WIRE)–#forescout–Bragar Eagel & Squire, P.C. is investigating potential claims against Forescout Technologies, Inc. (NASDAQ: FSCT) on behalf of Forescout stockholders. Our investigation concerns whether Forescout has violated the federal securities laws and/or engaged in other unlawful business practices.
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Over the past several quarters, Forescout has advertised its “solid” results that supposedly demonstrated “the pervasive need for device visibility and control.”
On October 10, 2019, the company announced disappointing Q3 2019 financial results, citing several deals that were allegedly pushed out of the third quarter.
Analysts and investors, however, were doubtful of the company’s explanation. Motley Fool reported “[t]he market isn’t buying that these delayed deals are a one-off issue.”
On this news, the price of Forescout shares declined by $14.63, or over 37%, on October 10, 2019.
If you purchased or otherwise acquired Forescout shares and suffered a loss, have information, 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 Brandon Walker or Melissa Fortunato by email at firstname.lastname@example.org, or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information concerning our investigation into Forescout please go to http://www.bespc.com/FSCT. For additional information about Bragar Eagel & Squire, P.C., please go to www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.