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Comverse Inc (NASDAQ:CNSI) Investor Investigation Over Possible Violstions Of potential Securities

  • If you purchased shares of Comverse Inc (NASDAQ:CNSI), you have certain options and you should contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Investigation Overview

Company
Comverse Inc
Security
NASDAQ: CNSI

Summary

September 15, 2014 (Update) - On September 9, 2014, Comverse Inc announced iots fiscal 2014 second quarter financial results. Among other things, Comverse Inc reported that its second quarter Total Revenue declined from $169.73 million in 2013 to $115.32 million in 2014.

Shares of Comverse Inc declined from $39.50 per share in January 2014 to as low as $21.02 per share on September 9, 2014.

June 16, 2014 (Shareholders Foundation) - An investigation on behalf of investors of Comverse Inc (NASDAQ:CNSI) shares over potential securities laws violations by Comverse Inc and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Comverse Inc (NASDAQ:CNSI) concerning whether a series of statements by Comverse regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Shares of Comverse Inc (NASDAQ:CNSI) grew from $26.67 per share in April 2013, to as high as $40 per share on January 15, 2014.
Then on April 15, 2014 Comverse reported fourth quarter and full-year revenues and earnings for 2013. Comverse Inc reported that its while its Total Revenue declined from $677.76 million for the 12 months period that ended on Jan. 31, 2013 to $652.50 million for the 12 months period that ended on Jan. 31, 2014, that its Net Loss of $20.29 million for the 12 months period that ended on Jan. 31, 2013 turned into a Net Income of $18.69 million for the 12 months period that ended on Jan. 31, 2014.

Shares of Comverse Inc (NASDAQ:CNSI) declined from $35.75 per share on April 9, 2014, to $24.73 per share on April 29, 2014.

Then on June 9, 2014, Comverse Inc announced its results for the three months ended April 30, 2014. Among other things, Comverse Inc reported that its first quarter revenue declined from $155.81 million in 2013 to $119.13 million in 2014 and that its first quarter Net Loss increased from $3.14 million in 2013 to $16.13 million in 2014.

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