Thieler Law Corp advises investors with losses exceeding $100,000 of the March 2, 2020 lead plaintiff deadline in a class action lawsuit filed against Forescout Technologies Inc (NASDAQ: FSCT) (“Forescout” or “the Company”). The suit is pending in the U.S. District Court for the Northern District of California and investors, who purchased Forescout Technologies Inc securities between February 7, 2019 and October 9, 2019, have until March 2, 2020 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Forescout Technologies Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that Forescout was experiencing significant volatility with respect to large deals and issues related to the timing and execution of deals in the Company’s pipeline, especially in Europe, the Middle East, and Africa; the foregoing was reasonably likely to have a material negative impact on the Company’s financial results; and as a result of the foregoing, defendants’ statements about its business and operations were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

On October 10, 2019, the Company 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."

Following this news, NASDAQ: FSCT fell $14.63 per share, or more than 37%, to close at $24.57 per share on October 10, 2019.

If you were negatively impacted by your investment in Forescout Technologies Inc securities between February 7, 2019 and October 9, 2019 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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