{"id":395843,"date":"2020-12-08T16:14:06","date_gmt":"2020-12-08T21:14:06","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=395843"},"modified":"2020-12-08T16:14:06","modified_gmt":"2020-12-08T21:14:06","slug":"shareholder-alert-robbins-llp-announces-splunk-inc-splk-is-being-sued-for-misleading-shareholders","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-robbins-llp-announces-splunk-inc-splk-is-being-sued-for-misleading-shareholders\/","title":{"rendered":"Shareholder Alert: Robbins LLP Announces Splunk, Inc. (SPLK) is Being Sued for Misleading Shareholders"},"content":{"rendered":"

<\/p>\n

Shareholder Alert: Robbins LLP Announces Splunk, Inc. (SPLK) is Being Sued for Misleading Shareholders<\/b><\/p>\n

SAN DIEGO & SAN FRANCISCO–(BUSINESS WIRE<\/a>)–
\nShareholder rights law firm Robbins LLP<\/a> announces that a purchaser of Splunk, Inc. (NASDAQ: SPLK) filed a class action complaint against the Company and its officers and directors for alleged violations of the Securities & Exchange Act of 1934 between October 21, 2020 and December 2, 2020. Splunk develops and markets software solutions that enable organizations to gain real-time organizational intelligence in the U.S. and internationally.\n<\/p>\n

\nIf you suffered a loss due to Splunk Inc.’s misconduct, click here<\/a>.\n<\/p>\n

Splunk, Inc. (SPLK) Misled Shareholders About its Third Quarter 2021 Financial Results <\/i><\/b><\/p>\n

\nAccording to the complaint, on October 21, 2020, Splunk held a call with several analysis at the Virtual Analyst & Investor Session at .conf20. During the call, Splunk assured investors that everything was on track for its third quarter 2021 financial results. However, after the markets closed on December 2, 2020, Splunk announced disappointing results for its third quarter 2021, including an 11% decrease in total revenues, which missed estimated by nearly $60 million. On an earnings call the same day, Splunk admitted that despite reiterating its 2021 third quarter guidance just 10 days before the close of the quarter, the results fell “short of both our expectation and our communication of those expectations.” On this news, JPMorgan announced it was “blindsided by the magnitude of too many large details slipping in the final days of October.” Shares of Splunk plummeted, closing down over 24% on December 3, 2020. Shareholders later learned that Splunk had failed to disclose it was not closing deals with its largest customers and was not hitting the financial targets it had previously announced.\n<\/p>\n

Purchasers of Splunk, Inc. (SPLK) securities have until February 2, 2021, to ask the court to appoint them as lead plaintiff for the class.<\/i><\/b><\/p>\n

\nContact us to learn more:
\n
Lauren Levi
\n
(800) 350-6003
\n
llevi@robbinsllp.com
\n<\/a>
Shareholder Information Form<\/a><\/p>\n

\nRobbins LLP is a nationally recognized leader in shareholder rights law. To be notified if a class action against Splunk, Inc. settles or to receive free alerts about companies engaged in wrongdoing, sign up for Stock Watch<\/a> today.\n<\/p>\n

\nAttorney Advertising. Past results do not guarantee a similar outcome.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20201208006113\/en\/<\/a><\/span><\/p>\n

\nLauren Levi
\n
Robbins LLP
\n
5040 Shoreham Place
\n
San Diego, CA 92122
\n
llevi@robbinsllp.com
\n<\/a>
(800) 350-6003
\n
www.robbinsllp.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America California<\/p>\n

INDUSTRY KEYWORDS:<\/b> Legal Professional Services<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Shareholder Alert: Robbins LLP Announces Splunk, Inc. (SPLK) is Being Sued for Misleading Shareholders SAN DIEGO & SAN FRANCISCO–(BUSINESS WIRE)– Shareholder rights law firm Robbins LLP announces that a purchaser of Splunk, Inc. (NASDAQ: SPLK) filed a class action complaint against the Company and its officers and directors for alleged violations of the Securities & Exchange Act of 1934 between October 21, 2020 and December 2, 2020. Splunk develops and markets software solutions that enable organizations to gain real-time organizational intelligence in the U.S. and internationally. If you suffered a loss due to Splunk Inc.’s misconduct, click here. Splunk, Inc. (SPLK) Misled Shareholders About its Third Quarter 2021 Financial Results According to the complaint, on October 21, 2020, Splunk held … <\/p>\n

Continue reading “Shareholder Alert: Robbins LLP Announces Splunk, Inc. (SPLK) is Being Sued for Misleading Shareholders”<\/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-395843","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nShareholder Alert: Robbins LLP Announces Splunk, Inc. 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