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GPM Announces Investigation of SolarWinds, Inc.Glancy Prongay & Murray LLP ("GPM") announces an investigation on behalf investors of SolarWinds (News - Alert), Inc. (NYSE: SWI) ("SolarWinds" or "the Company"). The investigation concerns whether the Company violated specific sections of the Securities Exchange Act of 1934 by issuing materially misleading information to the investing public. GPM is preparing a lawsuit to compensate investors for damages caused by the Company's alleged fraud. SolarWinds is a management software developer. On July 16, 2015, the Company announced second quarter earnings that fell below analysts' expectations, posting revenue of $119.1 million in the period, falling short of forecasts of revenue of $122.9 million. For the coming quarter, the company said it expects revenue in the range of $130 million to $134 million for the fiscal third quarter, while analysts had expected revenue of $136.1 million, and lowered its full-year 2015 outlook from $512-$527 million to $502-$512 million. On this news the Company's shares fell $11.51 per share, or nearly 25%, to close on July 17, 2015 at $35.54 per share. If you purchased SolarWinds shares prior to July 17, 2015, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to [email protected], or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. View source version on businesswire.com: http://www.businesswire.com/news/home/20150720006190/en/ |
