BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of investors of Tableau Software, Inc. (''Tableau'' or the ''Company'') (DATA) concerning the Company and its officers’ possible violations of federal securities laws by failing to disclose a chronic decline in its earnings quarter after quarter.
On July 29, 2015, Tableau reported a sharp deceleration in its license revenue growth, yet increased its guidance for full-year revenue to between $617 and $627 million. On this news, Tableau's share price fell $13.58, or 10.69%, to close at $113.49 per share on July 29, 2015.
Then, on January 7, 2016, Tableau disclosed that Kelly Wright, the Company's Executive Vice President of Sales, would depart the Company by December 31, 2016. On this news, Tableau's share price fell $2.14, or 2.42%, to close at $86.43 on January 8, 2016.
Finally, on February 4, 2016, Tableau admitted that the Company was experiencing slowing revenue. On a related earnings call, the Company's Chief Executive Officer advised investors that ''the competitive dynamic has become more crowded and difficult'' for Tableau. On this news, Tableau's share price fell $44.53, or 54.47%, over the following two trading days to close at $37.22 on February 8, 2016.
If you purchased Tableau securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to email@example.com, or visit our website at www.howardsmithlaw.com.
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