BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that it is investigating potential claims on behalf of investors of Constant Contact, Inc. (“Constant Contact” or the “Company”) (NASDAQ: CTCT) concerning the recent disclosures regarding its lackluster earnings, and the Company’s and its officers’ possible violations of federal securities laws. The Law Offices of Howard G. Smith is preparing a complaint to recover damages on behalf of Constant Contact investors.
Constant Contact assists small and medium size organizations through a suite of online marketing tools. On April 30, 2015, after the market close, the Company posted results that fell below expectations. Amongst other issues, Constant Contact announced revenue of $90.4 million, that fell below analysts’ expectations of $91.1 million. In connection with the Company’s poor results, CEO, Gail Goodman, stated “[w]e were disappointed with the mixed results for the quarter, as revenue came in below expectations while profitability was better than expected. In the quarter we didn’t deliver an acceleration in customer additions as expected, which resulted in missing our revenue goal. Given the current trends, we are adjusting down our revenue plans for the remainder of the fiscal year.”
On this news Constant Contact shares fell over 21%, or $7.34 per share to close on May 1, 2015 at $27.51 per share.
If you purchased shares of Constant Contact prior to May 1, 2015, 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 firstname.lastname@example.org, or visit our website at http://www.howardsmithlaw.com.
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