Splunk Investor Relations: Berger Montague Expands Its Investigation Into Alleged Securities Fraud Claims Against Splunk Inc. (NASDAQ: SPLK); Lead Plaintiff Deadline is February 2, 2021
PHILADELPHIA, Jan. 14, 2021 /PRNewswire/ -- Berger Montague's ongoing investigation into potential securities fraud claims against Splunk, Inc. ("Splunk" or the "Company") has been expanded to include investors who purchased Splunk securities (NASDAQ: SPLK) between August 26, 2020 and December 2, 2020 (the "Class Period").
If you purchased Splunk securities during the Class Period, have questions concerning your rights or interests, or would like to discuss Berger Montague's investigation, please contact attorneys Andrew Abramowitz at [email protected] or (215) 875-3015, or Donnell Much at [email protected] or (215) 875-4667, or contact us at www.bergermontague.com/splunk.
Recently filed lawsuits accuse Splunk and members of its senior management of falsely portraying the Company's financial performance, including its business, operations, and prospects. Specifically, according to the complaints, Defendants failed to disclose that Splunk was not closing deals with its largest customers in the third fiscal quarter of 2021, and that Splunk was not hitting the financial targets it had previously announced.
On December 2, 2020, Splunk announced its third quarter 2021 financial results, and in a startling reversal from the optimistic portrayal of the Company only five weeks earlier, Splunk reported that total revenue had declined by 11% year-over-year and that earnings-per-share had missed analyst estimates by a wide margin. Analysts at JPMorgan immediately wrote that they were "blindsided by the magnitude of too many large deals slipping in the final days of October."
If you purchased Splunk securities during the Class Period, you may seek Court appointment as lead plaintiff to represent other injured investors in a class action. The lead plaintiff appointment deadline is February 2, 2021. You do not need to be a lead plaintiff to share in any potential Class recovery.
Whistleblowers: Persons with non-public information regarding Splunk are encouraged to confidentially assist Berger Montague's investigation or take advantage of the SEC Whistleblower program. Under this program, whistleblowers who provide original information may receive rewards totaling up to thirty percent (30%) of recoveries obtained by the SEC. For more information, contact us.
Berger Montague, with offices in Philadelphia, Minneapolis, Washington, D.C., and San Diego, has been a pioneer in securities class action litigation since its founding in 1970. Berger Montague has represented individual and institutional investors for over five decades and serves as lead counsel in courts throughout the United States.
Contacts
Andrew Abramowitz, Senior Counsel
Berger Montague
(215) 875-3015
[email protected]
Donnell Much, Associate
Berger Montague
(215) 875-4667
[email protected]
SOURCE Berger Montague
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