Press release
Investigation announced for Long-Term Investors who lost money with shares of Doximity, Inc. (NYSE: DOCS) over potential Wrongdoing
An investigation on behalf of investors in Doximity, Inc. (NYSE: DOCS) shares over potential wrongdoing at Doximity, Inc.
Investors who purchased shares of Doximity, Inc. (NYSE: DOCS) 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 concerns whether certain Doximity, Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.
San Francsico, CA based Doximity, Inc. operates a cloud-based digital platform for medical professionals in the United States. Doximity, Inc. reported that its Total Revenue rose from $343.54 million for the 12 months period that ended on March 31, 2022, to $419.05 million for the 12 months period that ended on March 31, 2023, and that its Net Income declined over those respective time periods from $154.78 million to $11.81 million.
On August 8, 2023, after the market closed, Doximity, Inc. reported its first quarter 2024 financial results, and revenues and also revised guidance for fiscal 2024. In pertinent part, it announced that it now expects revenue of $452M-$468M versus the prior estimate of $503 million.
Shares of Doximity, Inc. (NYSE: DOCS) declined from $40.12 per share on February 02, 2023, to as low as $19.71 per share on September 25, 2023.
Those who purchased shares of Doximity, Inc. (NYSE: DOCS) have certain options and should contact the Shareholders Foundation.
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 lawsuits, 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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