Press release
Lawsuit filed for Investors in shares of Endava plc (NYSE: DAVA) over alleged securities laws violations
A lawsuit was filed on behalf of investors in Endava plc (NYSE: DAVA) shares over alleged securities laws violations.
Investors who purchased shares of Endava plc (NYSE: DAVA) have certain options and for certain investors are short and strict deadlines running. Deadline: October 25, 2024. NYSE: DAVA investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
United Kingdom based Endava plc provides technology services for clients in the consumer products, healthcare, mobility, and retail verticals in North America, Europe, the United Kingdom, and internationally
On February 29, 2024, Endava plc announced 2Q24 financial results and then reduced its revenue guidance for the 3Q and full fiscal year 2024. The Company blamed it on the "uncertain economic environment" causing delays in bookings ramp. Analysts commenting on Endava's reduced guidance note management being overly confident that new deals would ramp-up quicker than they did and an expected rebound in payments and financial services.
Shares of Endava plc (NYSE: DAVA) declined from $79.86 per share on December 29, 2023, to as low as $24.51 per share on June 18, 2024.
The plaintiff claims that between May 23, 2023 and February 28, 2024, the Defendants failed to disclose that demand for the Company's services was declining, that the Company's clients delayed or canceled projects, that as a result, the Company's fiscal 2023 and 2024 revenue and earnings would be adversely affected, and that , as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Those who purchased shares of Endava plc (NYSE: DAVA) 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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