When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
According to a recent report, the global cybersecurity market is estimated to grow at 15% CAGR to $267.73 billion by 2024 from a $118.78 billion industry in 2018. The growth in the industry is attributed to the adoption of IoT, BYOD, AI, and machine learning technologies. Despite the robust growth potential, Forescout Technologies ([[FSCT]]) is facing some challenges in meeting market expectations.
Forescout's Financials
For the third quarter, Forescout's revenues grew a comparatively modest 7% to $91.6 million, falling short of analyst estimates of $94.3 million. Net loss was $33.5 million, or $0.72 a