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Investigation announced for Investors in shares of SAP SE (NYSE: SAP)

11-12-2020 03:30 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation for investors in SAP SE (NYSE: SAP) shares over potential securities laws violations by SAP SE (NYSE: SAP).

An investigation for investors in SAP SE (NYSE: SAP) shares over potential securities laws violations by SAP SE (NYSE: SAP).

An investigation was announced over possible violations of securities laws by SAP SE in connection with certain financial statements.

Investors who purchased shares of SAP SE (NYSE: SAP), 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 a series of statements by SAP SE regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Germany based SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide. SAP SE reported that its annual Total Revenue rose from over 24.7 billion EUR in 2018 to over 27.55 billion EUR in 2019, and that its EBIT declined from over 6.01 billion EUR in 2018 to 5.18 billion EUR in 2019.

On October 25, 2020, SAP SE reported its third quarter 2020 financial results. Citing an expected new wave of lockdowns, SAP SE cut the Company's revenue forecast and issued a profit and sales warning.

Shares of SAP SE (NYSE: SAP) declined from $159.46 per share on October 12, 2020 to as low as $104.64 per share on November 2, 2020.

Those who purchased shares of SAP SE (NYSE: SAP) 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.

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