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