World News: 21:15 GMT Tuesday 14th January 2020. [Wolf Haldenstein Adler Freeman & Herz LLP via Globe Newswire via SPi World News]
NEW YORK, Jan. 14, 2020 (GLOBE NEWSWIRE) -- announces that a class action lawsuit has been filed against ForeScout Technologies, Inc. (NASDAQ: FSCT) (“ForesScout” or the “Company”) in the United States District Court for the Northern District of California on behalf of those persons who purchased or acquired the securities of ForeScout Technologies between February 7, 2019 and October 9, 2019, inclusive (the “Class Period”).
If you have incurred losses in the shares of ForeScout Technologies, Inc., request that the Court appoint you lead plaintiff of the proposed class. Please contact to learn more about your rights as an investor in the shares of ForeScout Technologies, Inc.
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The filed Complaint alleges that, in February 2019, ForeScout issued a press release that provided fiscal full year 2019 ("FY19") revenue guidance of $363.1 million to $373.1 million, representing year-over-year growth of 24%. Then, the Complaint further alleges that in May 2019, ForeScout raised its FY19 revenue guidance to $365.3 million to $375.3 million. When asked about the Company was facing, ForeScout assured analysts that and ended by stating
Contrary to these assurances, on October 10, 2019, ForeScout announced disappointing third quarter 2019 financial results that lowered the quarter's revenue guidance to $90.6 million to $91.6 million from $98.8 million to $101.8 million, revealing that the Company was experiencing a material impact from the significant volatility it was facing in closing its large deals. On this news, ForeScout's stock price fell $14.63 per share, or more than 37%, to close at $24.57 per share.
If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact by telephone at (800) 575-0735, via e-mail at , or visit our website at .
Wolf Haldenstein Adler Freeman & Herz LLP Kevin Cooper, Esq.Gregory Stone, Director of Case and Financial AnalysisEmail: , or Tel: (800) 575-0735 or (212) 545-4774
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Globe Newswire: 21:15 GMT Tuesday 14th January 2020
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