Investigation announced for Investors in shares of VMware, Inc. (NYSE: VMW)

An investigation was announced concerning potential securities laws violations by VMware, Inc. in connection with certain financial statements.

Investors who purchased shares of VMware, Inc. (NYSE: VMW), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on whether certain statements by VMware, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Palo Alto, CA based VMware, Inc. provides software in the areas of hybrid cloud, multi-cloud, modern applications, networking and security, and digital workspaces in the United States and internationally. On February 27, 2019, VMware, Inc announced an SEC investigation into its backlog of unfilled orders. A "backlog" is an essential metric to investors, as it helps inform predictions of future revenue. VMware, Inc said the SEC requested a series of documents and information related to its backlog and associated accounting and disclosures in December 2019.

Shares of VMware, Inc. (NYSE: VMW) declined from $173.37 per share in November 19, 2010 to as low as $96.38 per share in March 12, 2020.

Those who purchased shares of VMware, Inc. (NYSE: VMW) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.