{"id":403166,"date":"2020-12-18T18:43:20","date_gmt":"2020-12-18T23:43:20","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=403166"},"modified":"2020-12-18T18:43:20","modified_gmt":"2020-12-18T23:43:20","slug":"investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-splunk-inc-and-encourages-investors-to-contact-the-firm-before-february-2-2021-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-splunk-inc-and-encourages-investors-to-contact-the-firm-before-february-2-2021-2\/","title":{"rendered":"INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against Splunk Inc. and Encourages Investors to Contact the Firm Before February 2, 2021"},"content":{"rendered":"

<\/p>\n

INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against Splunk Inc. and Encourages Investors to Contact the Firm Before February 2, 2021<\/b><\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–
\nThe law firm of Kirby McInerney LLP<\/a> reminds investors that a class action lawsuit has been filed in the U.S. District Court for the Northern District of California on behalf of those who acquired Splunk Inc. (\u201cSplunk\u201d or the \u201cCompany\u201d) (NASDAQ: SPLK<\/a>) securities during the period from October 21, 2020 through December 2, 2020 (the \u201cClass Period\u201d). Investors have until February 2, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit.\n<\/p>\n

\nOn 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\n<\/p>\n

\nOn this news, Splunk\u2019s stock price fell by $47.88 per share, or approximately 23%, to close at $158.03 per share on December 3, 2020.\n<\/p>\n

\nIf you acquired Splunk securities, have information, or would like to learn more about these claims, please contact Thomas W. Elrod<\/a> of Kirby McInerney at 212-371-6600, by email at investigations@kmllp.com<\/a>, or by filling out this contact form,<\/a> to discuss your rights or interests with respect to these matters without any cost to you.\n<\/p>\n

Kirby McInerney<\/a> is a New York-based plaintiffs\u2019 law firm concentrating in securities, antitrust, and whistleblower 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\u2019s website: www.kmllp.com<\/a>.\n<\/p>\n

\nThis press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20201218005733\/en\/<\/a><\/span><\/p>\n

\nKirby McInerney LLP
\n
Thomas W. Elrod, Esq., (212) 371-6600
\n
investigations@kmllp.com
\n<\/a>
www.kmllp.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America New York<\/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
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INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against Splunk Inc. and Encourages Investors to Contact the Firm Before February 2, 2021 NEW YORK–(BUSINESS WIRE)– The law firm of Kirby McInerney LLP reminds investors that a class action lawsuit has been filed in the U.S. District Court for the Northern District of California on behalf of those who acquired Splunk Inc. (\u201cSplunk\u201d or the \u201cCompany\u201d) (NASDAQ: SPLK) securities during the period from October 21, 2020 through December 2, 2020 (the \u201cClass Period\u201d). Investors have until February 2, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit. On December 2, 2020, after the market closed, Splunk announced its … <\/p>\n

Continue reading “INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against Splunk Inc. and Encourages Investors to Contact the Firm Before February 2, 2021”<\/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-403166","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nINVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against Splunk Inc. and Encourages Investors to Contact the Firm Before February 2, 2021 - 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-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-splunk-inc-and-encourages-investors-to-contact-the-firm-before-february-2-2021-2\/\" \/>\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 Reminds Investors That a Class Action Lawsuit Has Been Filed Against Splunk Inc. and Encourages Investors to Contact the Firm Before February 2, 2021 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against Splunk Inc. and Encourages Investors to Contact the Firm Before February 2, 2021 NEW YORK–(BUSINESS WIRE)– The law firm of Kirby McInerney LLP reminds investors that a class action lawsuit has been filed in the U.S. District Court for the Northern District of California on behalf of those who acquired Splunk Inc. (\u201cSplunk\u201d or the \u201cCompany\u201d) (NASDAQ: SPLK) securities during the period from October 21, 2020 through December 2, 2020 (the \u201cClass Period\u201d). Investors have until February 2, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit. 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(\u201cSplunk\u201d or the \u201cCompany\u201d) (NASDAQ: SPLK) securities during the period from October 21, 2020 through December 2, 2020 (the \u201cClass Period\u201d). Investors have until February 2, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit. 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