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NASDAQ:QNST Shareholder Notice: Investigation Concerning Potential Securities Laws Violations by QuinStreet, Inc

Via: ReleaseWire

Updated 11:30 AM CDT, Mon, April 23,2018

An investigation for investors in QuinStreet, Inc. (NASDAQ: QNST) shares over potential securities laws violations by QuinStreet was announced.

San Diego, CA -- (SBWIRE) -- 04/23/2018 -- An investigation was announced for investors of QuinStreet, Inc. (NASDAQ: QNST) shares over potential securities laws violations by QuinStreet and certain of its directors and officers.

Investors who purchased shares of QuinStreet, Inc. (NASDAQ: QNST), 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 possible claims on behalf of purchasers of the securities of QuinStreet, Inc. (NASDAQ: QNST) concerning whether a series of statements by QuinStreet, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Foster City, CA based QuinStreet, Inc. reported that its Total Revenue rose from $297.7 million for the 12 months period that ended on June 30, 2016 to $299.78 million for the 12 months period that ended on June 30, 2017 and that its Net Loss for those time period declined from $19.42 million to $12.2 million.

On April 11, 2018, Kerrisdale Capital published a report asserting that QuinStreet's revenue growth is a "sham" and mainly the result of "malware redirects [and] bogus leads from web surfers trying to score [online currency.]" Shares of QuinStreet, Inc. (NASDAQ: QNST) declined on April 11, 2018 to $9.76 per share.

Those who purchased shares of QuinStreet, Inc. (NASDAQ: QNST) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

For more information on this press release visit:
http://www.sbwire.com/press-releases/nasdaqqnst-shareholder-notice-investigation-concerning-potential-securities-laws-violations-by-quinstreet-inc-966890.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com