Pro Analysis

JPMorgan has a new cybersecurity play which it says could rally more than 20%

Control center at the end of the digital trunk that links homes in a housing development in St. George, Utah.
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Control center at the end of the digital trunk that links homes in a housing development in St. George, Utah.

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.