{"id":393777,"date":"2020-12-04T17:25:23","date_gmt":"2020-12-04T22:25:23","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=393777"},"modified":"2020-12-04T17:25:23","modified_gmt":"2020-12-04T22:25:23","slug":"investor-alert-kirby-mcinerney-llp-announces-an-investigation-of-shareholder-claims-against-splunk-inc","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-announces-an-investigation-of-shareholder-claims-against-splunk-inc\/","title":{"rendered":"INVESTOR ALERT: Kirby McInerney LLP Announces an Investigation of Shareholder Claims Against Splunk Inc."},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">NEW YORK, Dec.  04, 2020  (GLOBE NEWSWIRE) &#8212; The law firm of <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=cXtbVhZ87lKTOdGMEr7IxkR2TqC7XdVFS3qejDCrmgSfizDYaDAP7uHBdYIM2noxyD0kAwa7N8WPQAEgvA7YcQ==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>Kirby McInerney LLP<\/u><\/a> is investigating potential claims against Splunk Inc. (\u201cSplunk\u201d or the \u201cCompany\u201d) (NASDAQ: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=RYdCA0FBIbhTPpaClzJHwClOkSCYXHJIK_waa6_r3nhIUiWKuytlHJjna26PMcmfymRgF4_EKjb7iFP2leWRbg==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">SPLK<\/a>). The investigation focuses on the Company\u2019s possible violations of federal securities laws.<\/p>\n<p align=\"justify\">On December 2, 2020, after the market closed, Splunk announced its third quarter 2021 financial results in a press release. The Company reported total revenue of $559 million, well below prior guidance expecting between $600 and $630 million. Splunk attributed the shortfall to \u201cuncertainty and volatility for macro factors\u201d that \u201ccause[d] customers to delay spending commitments, particularly for high-value contracts.\u201d However, analysts at BTIG wrote that this explanation \u201cis fairly confusing given that most peers in the software space (and particularly in security software) saw relatively strong trends.\u201d Also, analysts at JPMorgan were \u201cblindsided by the magnitude of too many large deals slipping in the final days of October.\u201d<\/p>\n<p align=\"justify\">On this news, Splunk\u2019s stock price fell by $47.88 per share, or approximately 23%, to close at\u00a0$158.03 per share on December 3, 2020.<\/p>\n<p align=\"justify\">If you purchased or otherwise acquired Splunk securities, have information, or would like to learn more about these claims, please contact <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=G6D32nj65E28vNi3hZB-jTO01tf0Ymbp0TTL_YZ4CvNAiqsgEbeMQ-T4qN7YHWCuM85ua3x0hl6c2knVB1kaShbe6JTdbeCfNKXXqNxipcc=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>Thomas W. Elrod<\/u><\/a> of <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=cXtbVhZ87lKTOdGMEr7Ixjg2kjD7XYtO5wnU0U1p0yc0aUIoBbnT9jtSP0iUF7xhLk9opPsg6DqB65zZFcNg-A==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>Kirby McInerney LLP<\/u><\/a> at 212-371-6600, by email at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=oi8KA03kotOZ-3oFS43iFIWTAiGq2bX64qTWCCdtSFC6grBBYr2xL3pYTlYDFSLZaArWJduvVgj10cexo0UHBwo6_DMj5Z0CuvaRJ3AwrkY=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>investigations@kmllp.com<\/u><\/a>, or by filling out this <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=tQ8WaWj1RvZmA1bn1iCXN4ftPJlMoVlsxyOPZdNTZuMfRx3EsoaApecnpdC361H25jZUqyUWlFIub4nFMquP03KLuivHBDSxrDp1kyIWxfg=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">contact form<\/a>, to discuss your rights or interests with respect to these matters without any cost to you.<\/p>\n<p align=\"justify\">\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=cXtbVhZ87lKTOdGMEr7Ixk7xxv43dmI5CznQu_QOnFmUqZZC2M7nVhsyPVAG-YoVgPPs4tpDJeNt2SFe1MKp1Q==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><br \/>\n          <u>Kirby McInerney LLP<\/u><br \/>\n        <\/a> is a New York-based plaintiffs\u2019 law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm\u2019s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP\u2019s website: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Aaw9DaIaGTj4SYiY8c7rPUZm7fShAvUfEwuyo3THQlt01x6J3JvuMSs-UtxuYj3OfD7nNZ0NYgpjC-74qZAIzg==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>http:\/\/www.kmllp.com<\/u><\/a>.<\/p>\n<p align=\"justify\">This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.<\/p>\n<p align=\"justify\">Contacts<br \/>Kirby McInerney LLP<br \/>Thomas W. Elrod, Esq.<br \/>212-371-6600<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=IivxTi86ec0mwDF-Nshoap-cwrRKixHhFBGiJblkduAEDptwhx-M5P0paW3eL19fLd2qjl401w8z4Y6rYTVeDQ==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>https:\/\/www.kmllp.com<\/u><\/a><br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=oi8KA03kotOZ-3oFS43iFIWTAiGq2bX64qTWCCdtSFDzi3rHT8d0HOvmLoBBIR1JpE_kQL2ApjOSMXaUpSePsrmos6vth4bSC_BUFj1DHvE=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>investigations@kmllp.com<\/u><\/a><\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5NzE2NyMzODU3NTMxIzIwMjA2Njk=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/8ad994b5-ee95-46b9-9ff7-7d03b7fbc4ef\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, Dec. 04, 2020 (GLOBE NEWSWIRE) &#8212; The law firm of Kirby McInerney LLP is investigating potential claims against Splunk Inc. (\u201cSplunk\u201d or the \u201cCompany\u201d) (NASDAQ: SPLK). The investigation focuses on the Company\u2019s possible violations of federal securities laws. On December 2, 2020, after the market closed, Splunk announced its third quarter 2021 financial results in a press release. The Company reported total revenue of $559 million, well below prior guidance expecting between $600 and $630 million. Splunk attributed the shortfall to \u201cuncertainty and volatility for macro factors\u201d that \u201ccause[d] customers to delay spending commitments, particularly for high-value contracts.\u201d However, analysts at BTIG wrote that this explanation \u201cis fairly confusing given that most peers in the software space (and &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-announces-an-investigation-of-shareholder-claims-against-splunk-inc\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;INVESTOR ALERT: Kirby McInerney LLP Announces an Investigation of Shareholder Claims Against Splunk Inc.&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-393777","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>INVESTOR ALERT: Kirby McInerney LLP Announces an Investigation of Shareholder Claims Against Splunk Inc. - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-announces-an-investigation-of-shareholder-claims-against-splunk-inc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"INVESTOR ALERT: Kirby McInerney LLP Announces an Investigation of Shareholder Claims Against Splunk Inc. - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, Dec. 04, 2020 (GLOBE NEWSWIRE) &#8212; The law firm of Kirby McInerney LLP is investigating potential claims against Splunk Inc. (\u201cSplunk\u201d or the \u201cCompany\u201d) (NASDAQ: SPLK). The investigation focuses on the Company\u2019s possible violations of federal securities laws. On December 2, 2020, after the market closed, Splunk announced its third quarter 2021 financial results in a press release. The Company reported total revenue of $559 million, well below prior guidance expecting between $600 and $630 million. Splunk attributed the shortfall to \u201cuncertainty and volatility for macro factors\u201d that \u201ccause[d] customers to delay spending commitments, particularly for high-value contracts.\u201d However, analysts at BTIG wrote that this explanation \u201cis fairly confusing given that most peers in the software space (and &hellip; Continue reading &quot;INVESTOR ALERT: Kirby McInerney LLP Announces an Investigation of Shareholder Claims Against Splunk Inc.&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-announces-an-investigation-of-shareholder-claims-against-splunk-inc\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-04T22:25:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5NzE2NyMzODU3NTMxIzIwMjA2Njk=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kirby-mcinerney-llp-announces-an-investigation-of-shareholder-claims-against-splunk-inc\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kirby-mcinerney-llp-announces-an-investigation-of-shareholder-claims-against-splunk-inc\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"INVESTOR ALERT: Kirby McInerney LLP Announces an Investigation of Shareholder Claims Against Splunk Inc.\",\"datePublished\":\"2020-12-04T22:25:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kirby-mcinerney-llp-announces-an-investigation-of-shareholder-claims-against-splunk-inc\\\/\"},\"wordCount\":325,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kirby-mcinerney-llp-announces-an-investigation-of-shareholder-claims-against-splunk-inc\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODA5NzE2NyMzODU3NTMxIzIwMjA2Njk=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kirby-mcinerney-llp-announces-an-investigation-of-shareholder-claims-against-splunk-inc\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kirby-mcinerney-llp-announces-an-investigation-of-shareholder-claims-against-splunk-inc\\\/\",\"name\":\"INVESTOR ALERT: Kirby McInerney LLP Announces an Investigation of Shareholder Claims Against Splunk Inc. - 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(\u201cSplunk\u201d or the \u201cCompany\u201d) (NASDAQ: SPLK). The investigation focuses on the Company\u2019s possible violations of federal securities laws. On December 2, 2020, after the market closed, Splunk announced its third quarter 2021 financial results in a press release. The Company reported total revenue of $559 million, well below prior guidance expecting between $600 and $630 million. Splunk attributed the shortfall to \u201cuncertainty and volatility for macro factors\u201d that \u201ccause[d] customers to delay spending commitments, particularly for high-value contracts.\u201d However, analysts at BTIG wrote that this explanation \u201cis fairly confusing given that most peers in the software space (and &hellip; Continue reading \"INVESTOR ALERT: Kirby McInerney LLP Announces an Investigation of Shareholder Claims Against Splunk Inc.\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-announces-an-investigation-of-shareholder-claims-against-splunk-inc\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-04T22:25:23+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5NzE2NyMzODU3NTMxIzIwMjA2Njk=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-announces-an-investigation-of-shareholder-claims-against-splunk-inc\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-announces-an-investigation-of-shareholder-claims-against-splunk-inc\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"INVESTOR ALERT: Kirby McInerney LLP Announces an Investigation of Shareholder Claims Against Splunk Inc.","datePublished":"2020-12-04T22:25:23+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-announces-an-investigation-of-shareholder-claims-against-splunk-inc\/"},"wordCount":325,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-announces-an-investigation-of-shareholder-claims-against-splunk-inc\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5NzE2NyMzODU3NTMxIzIwMjA2Njk=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-announces-an-investigation-of-shareholder-claims-against-splunk-inc\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-announces-an-investigation-of-shareholder-claims-against-splunk-inc\/","name":"INVESTOR ALERT: Kirby McInerney LLP Announces an Investigation of Shareholder Claims Against Splunk Inc. - 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