NEW YORK, Aug. 25, 2017 /PRNewswire/ -- Attorney Advertising-- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Ellie Mae Inc. ("Ellie Mae" or the "Company") (NYSE: ELLI). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/elli.
The investigation concerns whether Ellie Mae and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On July 27, 2017, Ellie Mae announced its second quarter 2017 financial results for the period ended June 30, 2017, and that tis revenue came in at $104.1 million, below guidance. Ellie Mae also lowered its FY17 sales forecast and revealed that FY17 adjusted income would come in almost 40% lower than the range that Ellie Mae had previously provided. Following the news, Ellie Mae stock dropped.
If you are aware of any facts relating to this investigation, or purchased shares of Ellie Mae, you can assist this investigation by visiting the firm's site: www.bgandg.com/elli. 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.