Shareholder Alert: Bronstein, Gewirtz & Grossman, LLC Reminds Investors of Class Action against FireEye, Inc. and Lead Plaintiff Deadline of January 26, 2015
NEW YORK, Dec. 26, 2014 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC reminds investors that a securities class action has been filed in the United States District Court for the Northern District of California on behalf of those who purchased shares of FireEye, Inc. ("FireEye" or the "Company") (NasdaqGS: FEYE), during the period between January 2, 2014 and November 4, 2014 inclusive. (the "Class Period").
The complaint alleges that the Company made false and/or misleading statements and/or failed to disclose material information regarding the Company's business, operations, and prospects.
On May 6, 2014, FireEye's first quarter results of $24.3 million in product revenue fell meaningfully short of analysts' estimates of $31 million and reflected a move away from FireEye's organic software business and towards service-oriented offerings which lacked the same potential for profitability. On this news, shares of FireEye fell $8.48 per share to close at $28.65.
On November 4, 2014, after the market closed for trading, the Company released disappointing third quarter results that missed analysts' expectations, and further revealed the Company's virtual abandonment of its core software product business model, resulting in a quarterly loss of $0.51 per share.
Plaintiff seeks to recover damages on behalf of all shareholders who purchased shares of FireEye during the Class Period described above.
No Class has yet been certified in the above action. If you wish to review a copy of the Complaint, to discuss this action, or have any questions, please contact Peretz Bronstein, Esq. or his Investor Relations Coordinator Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email [email protected]. Those who inquire by e-mail are encouraged to include their mailing address and telephone number. If you suffered a loss in FireEye you have until January 26, 2015 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman 212-697-6484
[email protected]
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/shareholder-alert-bronstein-gewirtz--grossman-llc-reminds-investors-of-class-action-against-fireeye-inc-and-lead-plaintiff-deadline-of-january-26-2015-300013997.html
SOURCE Bronstein, Gewirtz & Grossman, LLC
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