SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Ribbon Communications, Inc. (RBBN)
NEW YORK, Nov. 14, 2018 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers Ribbon Communications, Inc. (“Ribbon” or the “Company”) (NASDAQ: RBBN). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm’s site: bgandg.com/rbbn.
The investigation concerns whether Ribbon and certain of its officers and/or directors have violated federal securities laws.
On March 24, 2015, Ribbon issued a press release announcing that it expected revenue for the first quarter of 2015 in the range of $47-$50 million, significantly lower than the Company’s previous projection of $74 million. The Company advised investors that they would suffer a $029-$0.34 loss in non-GAAP earnings-per-share (“EPS”), rather than the previously projected non-GAAP EPS gain of $0.03. Following this news, the Company’s stock price fell $4.46 per share, or more than 33%, to close at $8.70 on March 24, 2015.
If you are aware of any facts relating to this investigation, or purchased Ribbon shares, you can assist this investigation by visiting the firm’s site: bgandg.com/rbbn. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:Bronstein, Gewirtz & Grossman, LLC Peretz Bronstein or Yael Hurwitz 212-697-6484 | firstname.lastname@example.org