What are you looking for ?
Infinidat
Articles_top

… As Well as Rosen Law Firm …

For recently disclosed problems when conducted IPO

The Rosen Law Firm, P.A. is investigating potential securities claims against Violin Memory, Inc. (VMEM).

The investigation concerns whether VMEM or its officers and directors knew or should have known of recently disclosed problems when it conducted its IPO.

VMEM develops and supplies memory-based storage systems for high-speed applications, servers and networks in the Americas, Europe and the AsiaPac. On September 27, 2013, VMEM conducted its IPO, selling 18,000,000 of its shares for $162,000,0000 in total.

On November 21, 2013, after close of trading, the company announced its financial results for the company’s third fiscal quarter of 2014. The company reported a higher-than-expected net loss of $0.85 cents a share, and sales of $28.3 million, which were below analysts’ expectations.

In addition, the company provided revenue guidance between $30 million and $32 million for its 2014 fiscal fourth quarter – well-below consensus estimates in the range of $44 million.

The Rosen Law Firm is investigating a securities class action lawsuit on behalf of VMEM investors.

Articles_bottom
AIC
ATTO
OPEN-E