SAN DIEGO, CA / ACCESSWIRE / March 2, 2021 / The Shareholders Foundation, Inc. announces that a lawsuit was filed for certain investors in Splunk Inc. (NASDAQ:SPLK) shares.
Investors, who purchased shares of Splunk Inc. (NASDAQ:SPLK), have certain options and should contact the Shareholders Foundation at [email protected] or call +1(858) 779 - 1554.
On December 2, 2020, Splunk Inc. stunned the market when it announced its financial results for the third quarter of 2021. These results fell short of annual recurring and total revenue estimates, and Splunk reported a loss of 7 cents per share versus an expected gain of 8 cents per share. Splunk's forecast for the fourth quarter of 2020 was also lower than expected. Numerous analysts have already downgraded the stock and cut their price targets. This includes JPMorgan, who was "blindsided by the magnitude of too many large deals slipping in the final days of October on the heels of an upbeat analyst day 10 days prior to the quarter close," on October 21, 2020, "at which the company reaffirmed guidance and stated that it was excited about near-term and long-term growth prospects."
The plaintiff alleges that Splunk Inc. made materially false and/or misleading statements and/or failed to disclose that Splunk Inc. was not closing deals with its largest customers in the third fiscal quarter of 2021, and that Splunk Inc. was not hitting the financial targets it had previously announced.
Those who purchased Splunk Inc. (NASDAQ:SPLK) shares should contact the Shareholders Foundation, Inc.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
[email protected]
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.
SOURCE: Shareholders Foundation, Inc.