NEW YORK, NY / ACCESSWIRE / October 12, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Adobe Inc. ("Adobe Inc.") (NASDAQ:ADBE) concerning possible violations of federal securities laws.
Adobe issued a press release on September 12, 2024, reporting financial results for the third quarter of its fiscal year 2024. Although Adobe reported net new annual recurring revenue of $44 million, exceeding guidance, its fourth quarter outlook fell short of consensus estimates by approximately $21 million.
Following this news, Adobe’s stock price fell over 8% on September 13, 2024. To obtain additional information, go to:
https://zlk.com/pslra-1/adobe-inc-lawsuit-submission-form-2?prid=108061&wire=1
or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212)363-7500.
WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services’ Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
jlevi@levikorsinsky.com
Tel: (212)363-7500
Fax: (212)363-7171
https://zlk.com/
SOURCE: Levi & Korsinsky, LLP
View the original press release on accesswire.com
COMTEX_458745607/2457/2024-10-12T20:43:09