FSCT - Buy Forescout And Wait Until March 2020
Advent International signed a deal to acquire Forescout Technologies (FSCT) for $33. I don't think that the merger contribution is enough. Other competitors with less revenue growth and gross profit margin trade at more significant EV/Sales. Besides, interestingly, the M&A lawyers included a go-shop provision, which indicates that many potential acquirers were not contacted. Taking into account these facts, I believe that the company represents an appealing buying opportunity.
Forescout's Recurring Revenue Represents 40% Of Total Sales
Founded in the year 2000, Forescout Technologies, Inc. offers device visibility and control solutions. It appears