NEW YORK, NY / ACCESSWIRE / September 22, 2015 / Pomerantz LLP is investigating claims on behalf of investors of Constant Contact, Inc. ("Constant Contact" or the "Company") (NASDAQ: CTCT). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 237.
The investigation concerns whether Constant Contact and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On April 30, 2015, the Company announced disappointing first quarter results, missing revenue forecast and lowering full-year guidance. For the current quarter, the Company expects revenue of $91.5 million to $92 million, and EPS of 21 cents to 22 cents, excluding some costs. That compares to the consensus for $94.5 million and 23 cents.
For the full year, the company now sees revenue of $371 million to $377 million, and EPS of $1.29 to $1.38. That is down from the Company's prior forecast of $388 million and $1.38 per share, according to a report in Barron's.
On this news, shares of Constant Contact fell $7.34 per share, to close at $27.51, or more than 21.06%, on May 1, 2015.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
SOURCE: Pomerantz LLP
