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EQUITY ALERT: The Rosen Law Firm Announces the Filing of a Securities Class Action Lawsuit Against SolarWinds, Inc.The Rosen Law Firm, a global investor rights firm, announces that a class action lawsuit has been filed on behalf of purchasers SolarWinds (News - Alert), Inc. (NYSE: SWI) securities during the period from April 28, 2015 through July 16, 2015, inclusive (the "Class Period"). The lawsuit seeks to recover damages for SolarWinds investors under the federal securities laws. To join the SolarWinds, Inc. class action, go to the firm's website at http://www.rosenlegal.com/cases-670.html or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action. NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. According to the case, defendants made false and/or misleading statements and/or failed to disclose: (1) that the Company's domestic business was struggling against the Company's expectations; (2) that the Company's license sales growth of core license products and resulting license revenue was lower than expectations and guidance; (3) that the general quality of the "demand capture" the Company was capturing was dropping; and, (4) consequently, defendants' statements were materially false and misleading at all relevant times. On July 16, 2015, SolarWinds announced that its second quarter earnings failed to meet its revenue forecast. Additionally, SolarWinds lowered its full-year 2015 outlook from $512-$527 million to $502-$512 million. On this news, shares of SolarWinds fell $11.51 per share or over 24% to close at $35.54 per share on July 17, 2015. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than September 29, 2015. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to the firm's website http://www.rosenlegal.com/cases-670.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at [email protected] or [email protected]. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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