JPMorgan initiated coverage on cybersecurity provider ForeScout with an overweight rating, citing the company’s impressive technological abilities and a swelling demand for company safeguards.
With more than one billion devices connected to corporate networks, JPMorgan analyst Sterling Auty estimates that ForeScout’s total addressable market may be worth more than $8.6 billion.
Source: Tech CNBC
JPMorgan has a new cybersecurity play, which it says could rally more than 20%