LOS ANGELES--(BUSINESS WIRE)--Glancy Binkow & Goldberg LLP announces that it is investigating potential claims on behalf of investors of Actuate Corporation (“Actuate” or the “Company”) (NASDAQ:BIRT) concerning possible violations of federal securities laws. The investigation focuses on certain statements issued by Actuate between November 5, 2013 and May 1, 2014, concerning the Company’s business and financial performance.
Please contact Lesley Portnoy, Esquire, at (888) 773-9224 or (310) 201-9150, or at firstname.lastname@example.org to discuss this matter. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
Actuate provides software solutions and services to corporate and government customers worldwide. The investigation is related to the Company’s May 1, 2014, announcement of Actuate’s first quarter 2014 financial results. Among other things, the Company reported first quarter revenues of $24.1 million, which was below analysts’ expectations, compared with $34.9 million in the first quarter of 2013, and a net loss for the first quarter of $0.01 per share. According to the Company, a “drop off in legacy iServer license business accounted for large part of the decline from a year ago along with several large transactions slipping out of the first quarter.” Following this news, the price of Actuate stock dropped more than 27%, to a closing price of $3.97 per share on May 2, 2014, on heavy trading volume.
If you purchased Actuate shares between November 5, 2013 and May 1, 2014, if you have information or would like to learn more about these claims, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, by toll-free telephone at (888) 773-9224 or by telephone at (310) 201-9150, by e-mail to email@example.com, or visit our website at http://www.glancylaw.com. If you inquire by email, please include your mailing address, telephone number and number of shares purchased.
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