Core Viewpoint - A shareholder has filed a securities class action lawsuit against Endava, plc for alleged misrepresentations regarding demand for its services in specific sectors during the defined class period from May 23, 2023, to February 28, 2024 [1][2]. Group 1 - The lawsuit claims that Endava misrepresented the demand for its services within the Payments & Financial Services and Banking & Capital Markets verticals [2]. - The class action is on behalf of investors who purchased or acquired Endava's securities during the specified class period [1]. - Interested parties can file to serve as lead plaintiff by October 25, 2024, with no fees or expenses required from shareholders [3]. Group 2 - Bernstein Liebhard LLP has a history of recovering over $3.5 billion for clients and has represented large public and private pension funds [4]. - The firm has been recognized multiple times for its success in litigating class actions, being named to The National Law Journal's "Plaintiffs' Hot List" and listed in The Legal 500 [4].

ATLANTA, Aug. 27, 2024 (GLOBE NEWSWIRE) -- A shareholder class action lawsuit has been filed against Endava, PLC ("Endava" or "the Company") (NYSE: DAVA). The lawsuit alleges that Defendants made materially false and/or misleading statements and/or failed to disclose material adverse facts about the Company's business, operations, and prospects, including allegations that: (1) demand for Endava's services was declining; (2) the Company's clients delayed or canceled projects; and (3) as a result, Endava's fi ...

Core Insights - Pomerantz LLP is investigating claims on behalf of investors of Endava plc regarding potential securities fraud or unlawful business practices by the company and its officers [1][2] Financial Performance - On February 29, 2024, Endava reported financial results indicating a revenue shortfall of approximately £70 million, which is nearly 9% below prior projections at the midpoint [2] - Following the announcement, Endava's American depositary share (ADS) price dropped by $26.65, or 41.76%, closing at $37.17 per ADS on the same day [2] Legal Context - Pomerantz LLP is recognized for its expertise in corporate, securities, and antitrust class litigation, having recovered billions of dollars in damages for victims of securities fraud and corporate misconduct [3]

SAN DIEGO, Aug. 26, 2024 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Endava plc (NYSE: DAVA) securities between May 23, 2023 and February 28, 2024, inclusive (the "Class Period"), have until October 25, 2024 to seek appointment as lead plaintiff of the Endava class action lawsuit. Captioned Mueller v. Endava, plc, No. 24-cv-06423 (S.D.N.Y.), the Endava class action lawsuit charges Endava and certain of Endava's top executives with violations of the Securiti ...

Company Overview - Endava plc is characterized as a software development company that provides businesses with digital transformation consulting and software development solutions [3] Recent Developments - On February 29, 2024, Endava announced its financial results for the three months ended December 31, 2023, revealing that it was running behind its recent revenue trajectory by approximately £70 million, or nearly 9% below prior projections at the midpoint [4] - Following this announcement, the price of Endava American Depositary Shares fell approximately 42% [4] Legal Investigation - Robbins Geller Rudman & Dowd LLP is investigating potential violations of U.S. federal securities laws involving Endava plc, focusing on whether Endava and certain of its top executives made false and/or misleading statements and/or failed to disclose material information to investors [1]

LOS ANGELES, Aug. 12, 2024 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Endava plc ("Endava" or "the Company") (NYSE: DAVA) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Endava filed a Form 6-K with the SEC on February 29, 2024. The Company reported revenues ...

Core Viewpoint - Johnson Fistel, LLP is investigating potential violations of securities laws by Endava plc and its executives regarding misrepresentation or failure to disclose adverse information to investors [1] Group 1: Investigation Details - The investigation focuses on the losses suffered by investors and the possibility of recovering these losses under federal securities laws [1] - Investors who purchased Endava securities and experienced significant losses are encouraged to join the investigation [2] Group 2: Whistleblower Information - Individuals with nonpublic information about Endava are advised to consider assisting the investigation or utilizing the SEC Whistleblower program, which may offer rewards for original information leading to successful recovery [3] Group 3: About the Law Firm - Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in multiple states, representing both individual and institutional investors in securities class action lawsuits [4]

The stock market appears to be entering a major rotation. Over the past week, the largest tech and momentum stocks have started selling off. In particular, firms related to semiconductors and AI have seen their share prices plunge. This could be normal profit-taking after the massive run-up over the past year. There are also concerns that the Republican presidential ticket could shake up the tech landscape, leading to challenges for the leading firms in the field. However, the large companies' struggles cou ...

Industry Overview - The tech industry has achieved year-to-date returns of 28.33%, outperforming the S&P 500's 17.73% gain [1] - Companies in the tech sector are expected to release their Q2 returns, which could positively impact share prices [2] Company Analysis: Endava (DAVA) - Endava is a British IT firm primarily serving the financial sector, which accounts for over half of its revenue [4] - The company reported a year-over-year revenue decline of 14.3% to £174.4 million and a drop in adjusted EPS to £0.22 from £0.59 [5] - Analysts forecast an average price target of $41.83 for Endava, indicating a potential upside of 42.57% from its current price of $32 [7] Company Analysis: Taiwan Semiconductor (TSM) - Taiwan Semiconductor is a leading semiconductor manufacturer, receiving significant government grants to expand operations [8] - The company reported Q1 fiscal 2024 revenue of $18.22 billion, a 16.5% year-over-year increase, and net income of $6.93 billion, up 8.9% [9] - Analysts have set an average price target of $185.14 for TSM, with a potential upside of 0.35% [10] Company Analysis: NICE (NICE) - NICE focuses on customer engagement solutions and reported a 15% year-over-year revenue growth to $659.3 million in Q1 fiscal 2024 [12] - The company expects non-GAAP revenue for Q2 to be between $657 million and $667 million, representing a 14% year-over-year growth [13] - Analysts project an average price target of $272.07 for NICE, indicating a potential upside of 59.56% [14]

It might seem like it's way too late to be looking for undervalued software stocks in July 2024. After all, the Nasdaq 100 Index has been going virtually straight up for the past two years. Most companies related to growth fields such as artificial intelligence (AI) have already rocketed higher in recent months. Valuations are stretched in many leading growth names. However, other software stocks are still trading near multi-year lows and at truly bombed out valuations. These are three profitable software c ...