SAN DIEGO, Dec. 9, 2014 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit was filed for certain investors in FireEye Inc (FEYE) over alleged Federal Securities Laws Violations FireEye.
If you purchased a significant amount of shares of FireEye Inc (Nasdaq:FEYE) between January 2, 2014 and November 4, 2014, and/or purchased FEYE shares on March 6/7 2014, you have certain options and for certain investors are short and strict deadlines running. Deadline: January 26, 2014. (Nasdaq:FEYE) investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
On May 6, 2014, FireEye announced its first quarter results. The plaintiff claims that FireEye Inc's $24.3 million in product revenue fell meaningfully short of analysts' estimates of $31 million and reflected a move away from FireEye's organic software business and towards service-oriented offerings which lacked the same potential for profitability. Shares of FireEye Inc (Nasdaq:FEYE) declined from $95.63 per share in March 2014 to as low as $26.44 per share on May 9, 2014.
On November 4, 2014, after the market closed for trading, FireEye Inc released its third quarter results. The plaintiff claims that the third quarter results missed analysts' expectations and that further revealed the Company's virtual abandonment of its core software product business model, resulting in a quarterly loss of $0.51 per share. Shares of FireEye Inc declined from as high as $34.55 per share on November 3, 2014 to as low as $28.39 per share on November 5, 2014.
Those who purchased shares of FireEye Inc (Nasdaq:FEYE) have certain options and should contact the Shareholders Foundation, Inc. by e-mail at mail@shareholdersfoundation.com or call +1 (858) 779-1554.
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.