Investigation Overview
December 01, 2015 (Shareholders Foundation) - An investigation on behalf of investors of Mentor Graphics Corp (NASDAQ:MENT) shares over potential securities laws violations by Mentor Graphics 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 Mentor Graphics Corp (NASDAQ:MENT) concerning whether a series of statements by Mentor Graphics regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Mentor Graphics Corp reported that its Total Revenue rose from over $1.15 billion for the 12 months period that ended on January 31, 2014 to over $1.24 billion for the 12 months period that ended on January 31, 2015 while its Net Income for those respective time periods declined from $155.26 million to $147.14 million.
Shares of Mentor Graphics Corp (NASDAQ:MENT) grew from $13.59 per share in November 2012 to as high as $28.09 per share on November 11, 2015.
On November 19, 2015, Mentor Graphics Corp reported its results for its fiscal third quarter ended on October 31, 2015 and issued its outlook for the fourth quarter and full year.
Shares of Mentor Graphics Corp (NASDAQ:MENT) declined to as low as $17.28 per share on November 23, 2015