{"id":403795,"date":"2020-12-21T10:01:06","date_gmt":"2020-12-21T15:01:06","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=403795"},"modified":"2020-12-21T10:01:06","modified_gmt":"2020-12-21T15:01:06","slug":"shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-splunk-inc-splk-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-splunk-inc-splk-2\/","title":{"rendered":"SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Splunk Inc. – SPLK"},"content":{"rendered":"
\n

NEW YORK, Dec. 20, 2020 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors of Splunk, Inc. (\u201cSplunk\u201d or the \u201cCompany\u201d)(NASDAQ: SPLK).\u00a0\u00a0 Such investors are advised to contact Robert S. Willoughby at \u00a0newaction@pomlaw.com<\/u><\/a> or 888-476-6529, ext. 7980.<\/p>\n

The investigation concerns whether Splunk and certain of its officers and\/or directors have engaged in securities fraud or other unlawful business practices.\u00a0<\/p>\n

\n
\n
\n [Click here for information about joining the class action]<\/u>
\n <\/strong>
\n <\/a>\n <\/p>\n

On December 2, 2020, post-market, Splunk announced its financial results for the quarter ended October 31, 2020.\u00a0 Among other results, Splunk reported total revenues of $559 million, representing an 11% year-over-year decline and missing estimates by nearly $60 million.\u00a0 Splunk also announced quarterly non-GAAP earnings per share (\u201cEPS\u201d) of -$0.07, missing estimates by $0.15 per share, as well as GAAP EPS of -$1.26, missing estimates by $0.24 per share.\u00a0 On an earnings call with analysts that same day, Splunk\u2019s Chief Executive Officer admitted that despite the Company having reiterated its guidance for the quarter just ten days before the close of the quarter, Splunk\u2019s financial results fell \u201ccertainly short of both our expectations and our communication of those expectations.\u201d\u00a0<\/p>\n

On this news, Splunk\u2019s stock price fell $47.88 per share, or 23.25%, to close at $158.03 per share on December 3, 2020.<\/p>\n

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com<\/u><\/a>.<\/p>\n

\n CONTACT:
<\/strong>Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com<\/u><\/a>
<\/a>888-476-6529 ext. 7980<\/p>\n

\n
\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

NEW YORK, Dec. 20, 2020 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors of Splunk, Inc. (\u201cSplunk\u201d or the \u201cCompany\u201d)(NASDAQ: SPLK).\u00a0\u00a0 Such investors are advised to contact Robert S. Willoughby at \u00a0newaction@pomlaw.com or 888-476-6529, ext. 7980. The investigation concerns whether Splunk and certain of its officers and\/or directors have engaged in securities fraud or other unlawful business practices.\u00a0 [Click here for information about joining the class action] On December 2, 2020, post-market, Splunk announced its financial results for the quarter ended October 31, 2020.\u00a0 Among other results, Splunk reported total revenues of $559 million, representing an 11% year-over-year decline and missing estimates by nearly $60 million.\u00a0 Splunk also announced quarterly non-GAAP earnings per share (\u201cEPS\u201d) of … <\/p>\n

Continue reading “SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Splunk Inc. – SPLK”<\/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-403795","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nSHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Splunk Inc. - SPLK - 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\/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-splunk-inc-splk-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Splunk Inc. - SPLK - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, Dec. 20, 2020 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors of Splunk, Inc. 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