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FSCT - Why Forescout Technologies Stock Jumped 20% on Thursday
ForeScout Technologies Inc.
Shares of network security specialist Forescout Technologies(NASDAQ: FSCT) surged as high as 20.1% on Thursday. As of 12:36 p.m. EST, the stock was up 19.5%.
The stock's gain follows the company's fourth-quarter results and news that it entered a definitive agreement to be acquired by private equity investment firms Advent International and Crosspoint Capital Partners in a cash deal valued at $1.9 billion.