NEW YORK, Oct. 24, 2018 /PRNewswire/ -- Scott+Scott Attorneys at Law LLP ("Scott+Scott"), a national shareholder and consumer rights litigation firm, is investigating whether ServiceSource International, Inc. ("ServiceSource" or the "Company") (NASDAQ: SREV) or certain of its officers and directors violated federal securities laws. If you purchased ServiceSource stock, you are encouraged to contact a Scott+Scott attorney at (844) 818-6982 for more information.
ServiceSource is a Colorado-based company focused on outsourced inside sales, customer success and recurring revenue growth and retention solutions. ServiceSource helps companies to more efficiently and effectively find, convert, grow and retain their business-to-business customer relationships.
The investigation concerns whether the Company made false or misleading statements to investors regarding its financial prospects.
On October 18, 2018, after-market, ServiceSource announced disappointing preliminary third-quarter results (revenue of approximately $57 million, compared to its previous guidance of $60-$61 million) and revised its full-year guidance. The same day, the Company also announced the resignation of its CFO, Richard Pinkerton, and the appointment of a new CFO.
On this news, the price of ServiceSource stock dropped nearly 46% to close at $1.41 on October 19, 2018, down from its previous close price of $2.61.
What You Can Do
If you purchased ServiceSource common stock, and you wish to discuss this investigation, please contact attorney Joe Pettigrew at (844) 818-6982, or at [email protected], or visit the ServiceSource investigation page on our website at https://scott-scott.com/investigation/servicesource-international-inc/.
About Scott+Scott Attorneys at Law LLP
Scott+Scott has significant experience in prosecuting major securities, antitrust, and employee retirement plan actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide with offices in New York, London, Connecticut, California, and Ohio.
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