NEW YORK, Dec. 12, 2014 (GLOBE NEWSWIRE) -- Rosen Law Firm reminds purchasers of FireEye, Inc. securities (Nasdaq:FEYE) during the period from January 2, 2014 through November 4, 2014 of the important lead plaintiff deadline in the class action.
To join the FireEye class action, go to the website http://www.rosenlegal.com/cases-449.html or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or kchan@rosenlegal.com for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
The lawsuit asserts that FireEye failed to disclose material information concerning its transition away from being a maker and seller of security software to a services provider, which lacks the same potential for profitability. On May 6, 2014, FireEye disclosed product revenue of $24.3 million, which was far below analysts' estimates of $31 million and demonstrated the Company's transition away from its software business. As a result of this adverse information, FireEye's share price fell $8.48 per share or more than 22% to close at $28.65 on May 7, 2014, damaging investors. On November 4, 2014, FireEye again disclosed disappointing financial results, which fell below analysts' estimates and further demonstrated the Company's marked shift away from its software business. As a result of this adverse information, FireEye's share price fell $5.13 per share or more than 14% to close at $29.12 on November 5, 2014, further damaging investors.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 26, 2015. If you wish to join the class action go to http://www.rosenlegal.com/cases-449.html or to discuss your rights or interests regarding this class action, please contact, Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.