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  "documentTitle": "Forescout Technologies (FSCT)",
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  "authorName": "Ben Axler",
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  "presentationDate": "2020-05-13 00:00:00",
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      "text": "We believe that, should the economic consequences of the pandemic grow increasingly severe – a distinct possibility as unemployment grows more severe by the week – the pandemic could pose even greater downside risk to Forescout's full-year sales.",
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      "text": "Revenue, FY20E: -30.3%",
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      "text": "Spruce Point estimates that, across Forescout's purported peer group, sell-side estimates for full-year sales have been revised downward by anywhere between 10%-20% in light of the ongoing pandemic. We believe that, should the economic consequences of the pandemic grow increasingly severe – a distinct possibility as unemployment grows more severe by the week – the pandemic could pose even greater downside risk to Forescout's full-year sales. However, following industry practice, we believe that whichever FY20 sales forecast investors use to evaluate the deal must be adjusted downward by at least ~15% to account for the likely impact of the pandemic, since each of these forecasts predates the onset of COVID-19 in the United States.",
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      "kind": "title",
      "text": "Economic Fallout Of Pandemic Brings Even More Downside Risk",
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