SAN DIEGO--(BUSINESS WIRE)--Shareholder Rights Law Firm Johnson & Weaver, LLP is investigating potential violations of federal securities laws by Medidata Solutions, Inc. (NASDAQ: MDSO) and certain of its officers. Medidata provides cloud-based clinical development solutions for life sciences.
Specifically, Johnson & Weaver’s investigation seeks to determine whether shareholders were misled by certain statements the Company made regarding its business outlook and prospects.
On April 22, 2014, Medidata reported first quarter of 2014 earnings of $0.11 per share on revenues of $76.6 million. Analysts’ consensus revenue estimates were $79.50 million and EPS estimates were $0.16. On the news Medidata stock closed down 23% on April 22, 2014 at $40.71.
If you are a Medidata shareholder and are interested in learning more about the investigation or your legal rights and remedies, please contact Jim Baker (email@example.com) at 619-814-4471. If you email, please include your phone number.
Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California and New York. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.