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Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until March 2, 2020 to file lead plaintiff applications in a securities class action lawsuit against Forescout Technologies, Inc. (NasdaqGS: FSCT).
Forescout and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On October 10, 2019, pre-market, the Company announced its 3Q2019 results including a decrease revenue guidance from between $98.8M – $101.8M down to $90.6M – $91.6M, citing “extended approval cycles which pushed several deals out of the third quarter,” which “was most pronounced in [Europe, the Middle East, and Africa].”
On this news, the price of Forescout’s shares plummeted over 37%.
If you purchased shares of Forescout and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (email@example.com), or fill out the form on this page.
The case is Sayce v. Forescout Technologies, Inc. et al, 3:20cv76. Click here to read the case complaint.