{"id":396692,"date":"2020-12-09T14:01:23","date_gmt":"2020-12-09T19:01:23","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=396692"},"modified":"2020-12-09T14:01:23","modified_gmt":"2020-12-09T19:01:23","slug":"updated-investor-alert-ademi-llp-investigates-claims-of-securities-fraud-of-splunk-inc-from-august-2020-to-december-2-2020","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/updated-investor-alert-ademi-llp-investigates-claims-of-securities-fraud-of-splunk-inc-from-august-2020-to-december-2-2020\/","title":{"rendered":"Updated Investor Alert: Ademi LLP Investigates Claims of Securities Fraud of Splunk Inc. from August 2020 to December 2, 2020"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">MILWAUKEE<\/span>, <span class=\"xn-chron\">Dec. 9, 2020<\/span> \/PRNewswire\/ &#8212;<\/p>\n<p>\n        <b>Ademi LLP is investigating possible securities fraud claims against\u00a0Splunk<\/b> (NASDAQ: SPLK)<b>\u00a0resulting from inaccurate statements Splunk made regarding its financial statements and prospects.<\/b><\/p>\n<p>Click here to learn more about the investigation: <a href=\"http:\/\/ademilaw.com\/case\/splunk-inc\" rel=\"nofollow\">http:\/\/ademilaw.com\/case\/splunk-inc<\/a> or call <span class=\"xn-person\">Guri Ademi<\/span> toll-free at 866-264-3995. There is no cost or obligation to you. <\/p>\n<p>The investigation focuses on whether Splunk issued false and misleading statements regarding its financial statements and prospects during <span class=\"xn-chron\">August 2020<\/span> to <span class=\"xn-chron\">December 2<\/span>, 2020.\u00a0 Specifically, Splunk&#8217;s third quarter revenue was <span class=\"xn-money\">$559 million<\/span>, down 11% compared to last year.\u00a0Analysts were expecting revenue of approximately <span class=\"xn-money\">$613 million<\/span>. Splunk also reported an adjusted loss per share of <span class=\"xn-money\">$1.26<\/span>, shockingly lower than the <span class=\"xn-money\">$0.09<\/span> per share in profit analysts had been predicting.\u00a0 BTIG stated that Splunk&#8217;s explanation for these dismal financial results was &#8220;confusing given that most peers in the software space (and particularly in security software) saw relatively strong trends&#8221; in the quarter. Most analysts downgraded Splunk, with JPMorgan stating that it was &#8220;blindsided by the magnitude of too many large deals slipping in the final days of October.&#8221;<\/p>\n<p>If you wish to obtain additional information or have information about this investigation of Splunk, please contact <span class=\"xn-person\">Guri Ademi<\/span> either at <a target=\"_blank\" href=\"mailto:gademi@ademilaw.com\" rel=\"nofollow noopener noreferrer\">gademi@ademilaw.com<\/a> or toll-free: 866-264-3995, <a href=\"http:\/\/ademilaw.com\/case\/splunk-inc\" rel=\"nofollow\">http:\/\/ademilaw.com\/case\/splunk-inc<\/a>. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/p>\n<p>We specialize in securities fraud and shareholder litigation.\u00a0 For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes. <\/p>\n<p>Contact:<br \/>Ademi LLP<br \/><span class=\"xn-person\">Guri Ademi<\/span><br \/>3620 East Layton Ave.<br \/><span class=\"xn-location\">Cudahy, WI<\/span> 53110<br \/>Toll Free: (866) 264-3995<br \/>Fax: (414) 482-8001<br \/><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3007889-1&amp;h=3776928684&amp;u=http%3A%2F%2Fwww.ademilaw.com%2F&amp;a=www.ademilaw.com\" rel=\"nofollow noopener noreferrer\">www.ademilaw.com<\/a><\/p>\n<p>\u00a0<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CG18806&amp;sd=2020-12-09\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/updated-investor-alert-ademi-llp-investigates-claims-of-securities-fraud-of-splunk-inc-from-august-2020-to-december-2-2020-301189747.html\">http:\/\/www.prnewswire.com\/news-releases\/updated-investor-alert-ademi-llp-investigates-claims-of-securities-fraud-of-splunk-inc-from-august-2020-to-december-2-2020-301189747.html<\/a><\/p>\n<p>SOURCE  Ademi LLP<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=CG18806&amp;Transmission_Id=202012091358PR_NEWS_USPR_____CG18806&amp;DateId=20201209\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire MILWAUKEE, Dec. 9, 2020 \/PRNewswire\/ &#8212; Ademi LLP is investigating possible securities fraud claims against\u00a0Splunk (NASDAQ: SPLK)\u00a0resulting from inaccurate statements Splunk made regarding its financial statements and prospects. Click here to learn more about the investigation: http:\/\/ademilaw.com\/case\/splunk-inc or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you. The investigation focuses on whether Splunk issued false and misleading statements regarding its financial statements and prospects during August 2020 to December 2, 2020.\u00a0 Specifically, Splunk&#8217;s third quarter revenue was $559 million, down 11% compared to last year.\u00a0Analysts were expecting revenue of approximately $613 million. Splunk also reported an adjusted loss per share of $1.26, shockingly lower than the $0.09 per share in profit analysts had &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/updated-investor-alert-ademi-llp-investigates-claims-of-securities-fraud-of-splunk-inc-from-august-2020-to-december-2-2020\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Updated Investor Alert: Ademi LLP Investigates Claims of Securities Fraud of Splunk Inc. from August 2020 to December 2, 2020&#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-396692","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Updated Investor Alert: Ademi LLP Investigates Claims of Securities Fraud of Splunk Inc. from August 2020 to December 2, 2020 - 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\/updated-investor-alert-ademi-llp-investigates-claims-of-securities-fraud-of-splunk-inc-from-august-2020-to-december-2-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Updated Investor Alert: Ademi LLP Investigates Claims of Securities Fraud of Splunk Inc. from August 2020 to December 2, 2020 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire MILWAUKEE, Dec. 9, 2020 \/PRNewswire\/ &#8212; Ademi LLP is investigating possible securities fraud claims against\u00a0Splunk (NASDAQ: SPLK)\u00a0resulting from inaccurate statements Splunk made regarding its financial statements and prospects. Click here to learn more about the investigation: http:\/\/ademilaw.com\/case\/splunk-inc or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you. The investigation focuses on whether Splunk issued false and misleading statements regarding its financial statements and prospects during August 2020 to December 2, 2020.\u00a0 Specifically, Splunk&#8217;s third quarter revenue was $559 million, down 11% compared to last year.\u00a0Analysts were expecting revenue of approximately $613 million. Splunk also reported an adjusted loss per share of $1.26, shockingly lower than the $0.09 per share in profit analysts had &hellip; Continue reading &quot;Updated Investor Alert: Ademi LLP Investigates Claims of Securities Fraud of Splunk Inc. from August 2020 to December 2, 2020&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/updated-investor-alert-ademi-llp-investigates-claims-of-securities-fraud-of-splunk-inc-from-august-2020-to-december-2-2020\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-09T19:01:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CG18806&amp;sd=2020-12-09\" \/>\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=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/updated-investor-alert-ademi-llp-investigates-claims-of-securities-fraud-of-splunk-inc-from-august-2020-to-december-2-2020\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/updated-investor-alert-ademi-llp-investigates-claims-of-securities-fraud-of-splunk-inc-from-august-2020-to-december-2-2020\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Updated Investor Alert: Ademi LLP Investigates Claims of Securities Fraud of Splunk Inc. from August 2020 to December 2, 2020\",\"datePublished\":\"2020-12-09T19:01:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/updated-investor-alert-ademi-llp-investigates-claims-of-securities-fraud-of-splunk-inc-from-august-2020-to-december-2-2020\\\/\"},\"wordCount\":288,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/updated-investor-alert-ademi-llp-investigates-claims-of-securities-fraud-of-splunk-inc-from-august-2020-to-december-2-2020\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=CG18806&amp;sd=2020-12-09\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/updated-investor-alert-ademi-llp-investigates-claims-of-securities-fraud-of-splunk-inc-from-august-2020-to-december-2-2020\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/updated-investor-alert-ademi-llp-investigates-claims-of-securities-fraud-of-splunk-inc-from-august-2020-to-december-2-2020\\\/\",\"name\":\"Updated Investor Alert: Ademi LLP Investigates Claims of Securities Fraud of Splunk Inc. from August 2020 to December 2, 2020 - 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Click here to learn more about the investigation: http:\/\/ademilaw.com\/case\/splunk-inc or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you. The investigation focuses on whether Splunk issued false and misleading statements regarding its financial statements and prospects during August 2020 to December 2, 2020.\u00a0 Specifically, Splunk&#8217;s third quarter revenue was $559 million, down 11% compared to last year.\u00a0Analysts were expecting revenue of approximately $613 million. Splunk also reported an adjusted loss per share of $1.26, shockingly lower than the $0.09 per share in profit analysts had &hellip; Continue reading \"Updated Investor Alert: Ademi LLP Investigates Claims of Securities Fraud of Splunk Inc. from August 2020 to December 2, 2020\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/updated-investor-alert-ademi-llp-investigates-claims-of-securities-fraud-of-splunk-inc-from-august-2020-to-december-2-2020\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-09T19:01:23+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=CG18806&amp;sd=2020-12-09","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/updated-investor-alert-ademi-llp-investigates-claims-of-securities-fraud-of-splunk-inc-from-august-2020-to-december-2-2020\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/updated-investor-alert-ademi-llp-investigates-claims-of-securities-fraud-of-splunk-inc-from-august-2020-to-december-2-2020\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Updated Investor Alert: Ademi LLP Investigates Claims of Securities Fraud of Splunk Inc. from August 2020 to December 2, 2020","datePublished":"2020-12-09T19:01:23+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/updated-investor-alert-ademi-llp-investigates-claims-of-securities-fraud-of-splunk-inc-from-august-2020-to-december-2-2020\/"},"wordCount":288,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/updated-investor-alert-ademi-llp-investigates-claims-of-securities-fraud-of-splunk-inc-from-august-2020-to-december-2-2020\/#primaryimage"},"thumbnailUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=CG18806&amp;sd=2020-12-09","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/updated-investor-alert-ademi-llp-investigates-claims-of-securities-fraud-of-splunk-inc-from-august-2020-to-december-2-2020\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/updated-investor-alert-ademi-llp-investigates-claims-of-securities-fraud-of-splunk-inc-from-august-2020-to-december-2-2020\/","name":"Updated Investor Alert: Ademi LLP Investigates Claims of Securities Fraud of Splunk Inc. from August 2020 to December 2, 2020 - 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