{"id":3223,"date":"2017-10-20T15:37:29","date_gmt":"2017-10-20T19:37:29","guid":{"rendered":"http:\/\/www.ipoboutique.com\/blog\/?p=3223"},"modified":"2017-10-20T15:40:15","modified_gmt":"2017-10-20T19:40:15","slug":"forescout-technologies-fsct-ipo-preview","status":"publish","type":"post","link":"https:\/\/www.ipoboutique.com\/blog\/forescout-technologies-fsct-ipo-preview\/","title":{"rendered":"Forescout Technologies (FSCT) #IPO Preview"},"content":{"rendered":"

\"Screen<\/a><\/p>\n

Company: Forescout Technologies, Inc.<\/strong>
\nSymbol: FSCT
\nDescription: They have pioneered an agentless approach to network security to protect organizations against the emerging threats that exploit the billions of devices connected to organizations\u2019 networks.
\nShares: 4.8 million
\nRange: $20.00-$22.00
\nTrade Date: 10\/27
\nUnderwriter(s): Morgan Stanley, J.P. Morgan, Citigroup
\nCo-Manager(s): BofA Merrill Lynch, UBS Investment Bank, KeyBanc Capital Markets
\nTerms Added: 10-16-17<\/p>\n

Link to S-1\/A Prospectus<\/a><\/strong><\/p>\n

Link to Retail Roadshow<\/a><\/strong><\/p>\n

Business<\/strong>:Over the past ten years, ForeScout has developed proprietary agentless technology that discovers and classifies IP-based devices in real time as they connect to the network and continuously monitors and assesses their security posture. Their\u00a0solution supports heterogeneous wired and wireless networks, as well as both virtual and cloud infrastructures, while scaling to meet the needs of globally distributed organizations.<\/p>\n

Their\u00a0solution is sold as either a physical or virtual appliance through a perpetual software license, with each appliance designed to manage a certain number of connected devices within an organization. They\u00a0recently started offering their\u00a0solution, in limited quantities to a small number of large enterprises, as a software-only license with the enterprise license designed to manage a certain number of connected devices within an organization. End-customers typically initially deploy their\u00a0solution across a region or across their wired or wireless network, then expand their usage to cover additional regions and networks. After end-customers achieve enhanced visibility and control over their devices, they can deploy new use cases that leverage third-party integrations licensed as add-on modules.<\/div>\n
<\/div>\n
<\/div>\n
As of June\u00a030, 2017, they have sold to over 2,500 end-customers in over 70 countries, including 17% of the Global 2000, since inception.<\/div>\n
\"forescoutcoverart91017\"<\/a><\/div>\n
<\/div>\n

FINANCIALS:\u00a0<\/strong><\/p>\n

For the years ended December\u00a031, 2014, 2015, and 2016, their revenue was $71.1 million, $126.0 million, and $166.8 million, respectively, representing year-over-year growth of 77% and 32%, respectively. For the six months ended June\u00a030, 2016 and 2017, their\u00a0revenue was $68.7 million and $90.6 million, respectively, representing period-over-period growth of 32%. For the years ended December\u00a031, 2014, 2015, and 2016, their\u00a0net loss was $44.0 million, $27.3 million, and $74.8 million, respectively. For the six months ended June\u00a030, 2016 and 2017, their\u00a0net loss was $39.6 million and $47.7 million, respectively.<\/p>\n

\"FSCTFinancials\"<\/a><\/p>\n

Technology Sector Performance Year-to-date: As of Friday, October 20th, afternoon (market not yet closed)<\/em><\/p>\n

\"TechSector102017\"<\/a><\/p>\n

Book-Building Status<\/strong>: The way the book comes together during the week of the roadshow is the most critical indicator to first-day and first-week performance. IPO Boutique uses its 45 years of experience and sources all over the street to gather daily subscription levels, specific price guidance and what type of investors are currently in the book or are anchoring orders in the book. In addition, recent underwriter performance on sector specific deals is a strong factor that IPO Boutique takes into account when determining if our clients should indicate for any offering.<\/p>\n

IPO Boutique subscription clients receive daily updates on this critical information.<\/span><\/a><\/p>\n

Conclusion<\/strong>: IPO Boutique provides ratings, daily commentary and a forecast for how this IPO will open vs. its offering price. We have kept a\u00a0track record<\/span><\/a>\u00a0with our performance for last 12 years at our website. Additionally, we have our latest performance results with commentary from the month of May\u00a0by\u00a0<\/span>clicking here<\/span><\/a>.<\/span><\/p>\n

Indicate with confidence,\u00a0<\/b>SUBSCRIBE<\/b><\/a>\u00a0today.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

Company: Forescout Technologies, Inc. Symbol: FSCT Description: They have pioneered an agentless approach to network security to protect organizations against the emerging threats that exploit the billions of devices connected to organizations\u2019 networks. Shares: 4.8 million Range: $20.00-$22.00 Trade Date: 10\/27 Underwriter(s): Morgan Stanley, J.P. Morgan, Citigroup Co-Manager(s): BofA Merrill Lynch, UBS Investment Bank, KeyBanc[…]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"zakra_general_container_width":0,"zakra_general_content_width":0,"zakra_general_sidebar_width":0,"zakra_sticky_header":"customizer","zakra_header_main_area":true,"zakra_site_logo_width":0,"zakra_header_top_enabled":"customizer","zakra_header_top_style":"customizer","zakra_primary_menu_item_style":"customizer","zakra_page_header_text_color":"","zakra_page_header_layout":"customizer","zakra_page_title_bg":"","zakra_footer_widgets_bg_image":0,"zakra_page_title_bg_repeat":"customizer","zakra_page_title_bg_position":"customizer","zakra_page_title_bg_size":"customizer","zakra_page_title_bg_attachment":"customizer","zakra_breadcrumbs_enabled":"customizer","zakra_breadcrumbs_text_color":"","zakra_breadcrumbs_separator_color":"","zakra_breadcrumbs_link_color":"","zakra_breadcrumbs_link_hover_color":"","zakra_page_title_bg_image":0,"zakra_footer_widgets_enabled":"customizer","zakra_footer_column_layout_1_style":"customizer","zakra_footer_widgets_bg":"","zakra_footer_widgets_bg_repeat":"customizer","zakra_footer_widgets_bg_position":"customizer","zakra_footer_widgets_bg_size":"customizer","zakra_footer_widgets_bg_attachment":"customizer","zakra_footer_bar_enabled":"customizer","zakra_footer_bar_style":"customizer","footnotes":""},"categories":[24],"tags":[1373],"class_list":["post-3223","post","type-post","status-publish","format-standard","hentry","category-ipo","tag-fsct"],"_links":{"self":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/3223","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/comments?post=3223"}],"version-history":[{"count":2,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/3223\/revisions"}],"predecessor-version":[{"id":3232,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/3223\/revisions\/3232"}],"wp:attachment":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/media?parent=3223"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/categories?post=3223"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/tags?post=3223"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}