<br /> SPLUNK 24 HOUR DEADLINE ALERT: FORMER LOUISIANA ATTORNEY GENERAL AND KAHN SWICK & FOTI, LLC REMIND INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Deadline in Class Action Lawsuit Against Splunk Inc. – SPLK<br />

SPLUNK 24 HOUR DEADLINE ALERT: FORMER LOUISIANA ATTORNEY GENERAL AND KAHN SWICK & FOTI, LLC REMIND INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Deadline in Class Action Lawsuit Against Splunk Inc. – SPLK

PR Newswire

NEW ORLEANS

,

Feb. 2, 2021

/PRNewswire/ — Kahn Swick & Foti, LLC (“KSF”) and KSF partner, the former Attorney General of

Louisiana

,

Charles C. Foti, Jr.

, remind investors that they have only until

February 2, 2021

to file lead plaintiff applications in a securities class action lawsuit against Splunk Inc. (NasdaqGS: SPLK), if they purchased the Company’s shares between

October 21, 2020

and

December 2, 2020

, inclusive (the “Class Period”). This action is pending in

the United States

District Court for the Eastern District of

New York

.

What You May Do

If you purchased shares of Splunk and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (

[email protected]

), or visit

https://www.ksfcounsel.com/cases/nasdaqgs-splk/

to learn more. If you wish to serve as a lead plaintiff in this class action by overseeing lead counsel with the goal of obtaining a fair and just resolution, you must request this position by application to the Court by

February 2, 2021

.

About the Lawsuit

Splunk and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

On

December 2, 2020

, post-market, the Company disclosed disappointing financial results for 3Q2021 ended

October 31, 2020

including total revenues of

$559 million

, down 11% year-over-year and which missed estimates by nearly

$60 million

, a loss of

7 cents

per share versus an expected gain of

8 cents

per share, and a lower than expected forecast for 4Q2021, leading numerous analysts to downgrade the stock and cut their price targets.

On this news, the price of Splunk’s shares plummeted over 23% in one trading day from their

December 2, 2020

closing price, representing billions of dollars in lost market capitalization.

The case is

Pavlova-Coleman v. Splunk Inc., et al.,

No. 3:20-cv-8600.

About Kahn Swick & Foti, LLC

KSF, whose partners include former

Louisiana

Attorney General

Charles C. Foti, Jr.

, is one of the nation’s premier boutique securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, money managers and retail investors – in seeking to recover investment losses due to corporate fraud and malfeasance by publicly traded companies. KSF has offices in

New York

,

California

and

Louisiana

.