An investigation for investors in Yext, Inc. (NYSE: YEXT) shares over potential securities laws violations by Yext, Inc. (NYSE: YEXT) was announced.
San Diego, CA -- (SBWIRE) -- 01/29/2020 -- Yext, Inc. is under investigation over potential securities laws in connection with certain financial statements.
Investors who purchased shares of Yext, Inc. (NYSE: YEXT), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Yext, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
New York, NY based Yext, Inc. provides a knowledge engine platform that lets businesses manage their digital knowledge in the cloud and synchronize it to its knowledge network in North America and internationally.
Yext, Inc. reported that its Total Revenue rose from $170.2 million for the 12 months period that ended on January 31, 2018 to $228.28 million for the 12 months period that ended on January 31, 2019.
On August 29, 2019, Yext, Inc. announced that it would launch Yext Answers ("Answers") with the mission of "Perfect Answers Everywhere." The Company also provided fiscal 2020 guidance, including expected revenue of $299 million to $301 million. On October 29, 2019, Yext launched Answers.
On December 5, 2019, after the market closed, Yext reported its third quarter 2020 financial results and reduced its fiscal 2020 guidance, expecting revenue between $296.5 million and $298.5 million. The Company indicated that the launch of Answers during the third quarter "did delay our cycles."
Shares of Yext, Inc. (NYSE: YEXT) declined from $22.60 per share on July 26, 2019 to as low as $12.83 per share on December 06, 2019.
Those who purchased shares of Yext, Inc. (NYSE: YEXT) have certain options and should contact the Shareholders Foundation.
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About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , 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, investigation, and/or settlements are not filed/reached and/or 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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