Wolf Popper LLP Announces Investigation on Behalf of Investors in Tintri, Inc.
NEW YORK, September 12, 2017
Wolf Popper LLP is investigating potential securities fraud claims on behalf of investors in Tintri, Inc. (NASDAQ: TNTR). Tintri investors should contact Fei-Lu Qian at 877.370.7703 or firstname.lastname@example.org.
On June 30, 2017, Tintri held its initial public offering for $7.00 per share. On September 7, 2017, after the market closed, Tintri reported second quarter fiscal 2018 revenues of $34.9 million and a net loss of $51.7 million. In addition, Tintri provided third quarter fiscal 2018 revenue guidance of $36 to $37 million, which was well below analysts’ expectations of $42.1 million to $44.0 million. During Tintri’s earnings call, CEO Ken Klein attributed its weaker than expected second quarter performance and guidance to disruptions of the initial public offering and attrition in its sales force.
On this news, Tintri stock declined $2.13 per share or nearly 32%, to close at $4.55 per share on September 8, 2017.
Wolf Popper has successfully recovered billions of dollars for defrauded investors. The firm’s reputation and expertise have been repeatedly recognized by the courts, which have appointed the firm to major positions in securities litigation. See www.wolfpopper.com.
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