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ROSEN, NATIONAL TRIAL ATTORNEYS, Encourages Endava plc Investors to Secure Counsel Before Important Deadline in Securities Class Action – DAVA
GlobeNewswire News Room· 2024-09-26 22:34
Core Viewpoint - Rosen Law Firm is reminding investors who purchased Endava plc securities during the specified Class Period of the upcoming lead plaintiff deadline for a class action lawsuit [1] Group 1: Class Action Details - The Class Period for the Endava securities lawsuit is from May 23, 2023, to February 28, 2024 [1] - Investors may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1] - A class action lawsuit has already been filed, and interested parties must move the Court by October 25, 2024, to serve as lead plaintiff [2] Group 2: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest settlement against a Chinese company [3] - The firm was ranked No. 1 for securities class action settlements in 2017 and has consistently ranked in the top 4 since 2013, recovering hundreds of millions for investors [3] - In 2019, the firm secured over $438 million for investors, and its founding partner was recognized as a Titan of Plaintiffs' Bar by Law360 in 2020 [3] Group 3: Case Allegations - The lawsuit alleges that during the Class Period, Endava made false or misleading statements regarding the demand for its services, which was declining [4] - It is claimed that clients of Endava delayed or canceled projects, adversely affecting the company's fiscal 2023 and 2024 revenue and earnings [4] - The lawsuit asserts that the positive statements made by Endava about its business and prospects were materially misleading [4]
Shareholders that lost money on Endava plc(DAVA) Urged to Join Class Action - Contact The Gross Law Firm to Learn More
Prnewswire· 2024-09-26 09:45
Group 1 - The Gross Law Firm has issued a notice to shareholders of Endava plc (NYSE: DAVA) regarding a class action lawsuit for shareholders who purchased shares during the class period from May 23, 2023, to February 28, 2024 [1] - The allegations in the complaint include claims that demand for the company's services was declining, clients were delaying or canceling projects, and that these factors would adversely affect the company's fiscal 2023 and 2024 revenue and earnings [1] - The complaint asserts that the defendants made materially false and/or misleading statements about the company's business, operations, and prospects, which lacked a reasonable basis [1] Group 2 - Shareholders are encouraged to register for the class action lawsuit by the deadline of October 25, 2024, and will be enrolled in a portfolio monitoring software for status updates throughout the case [2] - There is no cost or obligation for shareholders to participate in the case, and appointment as lead plaintiff is not required to partake in any recovery [2] Group 3 - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors who have suffered due to deceit, fraud, and illegal business practices [3] - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who incurred losses from false or misleading statements that led to artificial inflation of stock prices [3]
SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Endava
GlobeNewswire News Room· 2024-09-26 02:22
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In Endava To Contact Him Directly To Discuss Their Options If you suffered losses exceeding $100,000in Endava between May 23, 2023, and February 28, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information] NEW YORK, Sept. 25, 2024 (GLOBE NE ...
The Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline of October 25, 2024 in Endava Lawsuit – DAVA
GlobeNewswire News Room· 2024-09-24 16:58
NEW YORK, Sept. 24, 2024 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Endava plc (NYSE: DAVA). Shareholders who purchased shares of DAVA during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/endava-loss-submission-form/?id=104512&from=3 CLASS PERIOD: May 23, 2023 to February 28, ...
SHAREHOLDER ACTION REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Endava
Prnewswire· 2024-09-23 16:05
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Endava plc due to allegations of violations of federal securities laws, which have led to significant financial losses for investors [2][4]. Group 1: Legal Investigation and Claims - Faruqi & Faruqi is encouraging investors who suffered losses exceeding $100,000 in Endava between May 23, 2023, and February 28, 2024, to discuss their legal options [1]. - The firm is reminding investors of the October 25, 2024, deadline to seek the role of lead plaintiff in a federal securities class action against Endava [2]. - The complaint alleges that Endava and its executives made false or misleading statements and failed to disclose material adverse facts about the company's business and prospects [4]. Group 2: Financial Impact and Stock Performance - The complaint highlights that demand for Endava's services was declining, leading to project delays or cancellations by clients, which adversely affected the company's revenue and earnings for fiscal years 2023 and 2024 [4]. - Following the revelation of these issues, Endava's stock price dropped significantly, with a decline of $26.65, or 42%, closing at $37.17 after the company reported revenues below expectations and drastically cut revenue guidance for full year 2024 [5].
Contact The Gross Law Firm by October 25, 2024 Deadline to Join Class Action Against Endava plc (DAVA)
Prnewswire· 2024-09-23 09:45
NEW YORK, Sept. 23, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Endava plc (NYSE: DAVA). Shareholders who purchased shares of DAVA during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/endava-loss-submission-form/?id=104020&from=4 CLASS PERIOD: May 23, 2023 to February 28, 202 ...
Endava(DAVA) - 2024 Q4 - Earnings Call Transcript
2024-09-19 16:32
Endava plc (NYSE:DAVA) Q4 2024 Earnings Conference Call September 19, 2024 8:00 AM ET Company Participants Laurence Madsen - Head of Investor Relations and ESG John Cotterell - Chief Executive Officer Mark Thurston - Chief Financial Officer Conference Call Participants Jonathan Lee - Guggenheim Securities Bryan Bergin - TD Cowen Puneet Jain - JPMorgan Bryan Keane - Deutsche Bank James Faucette - Morgan Stanley Kate Kronstein - William Blair Operator Good day and welcome to the Endava's Fourth Quarter and Fu ...
DEADLINE REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Endava
GlobeNewswire News Room· 2024-09-19 15:43
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Endava plc due to allegations of false and misleading statements regarding the company's business performance and prospects, which have led to significant investor losses [2][4]. Group 1: Legal Investigation and Class Action - Faruqi & Faruqi, LLP is encouraging investors who suffered losses exceeding $100,000 in Endava between May 23, 2023, and February 28, 2024, to discuss their legal options [1]. - A federal securities class action has been filed against Endava, with a deadline of October 25, 2024, for investors to seek the role of lead plaintiff [2][6]. - The firm has a history of recovering hundreds of millions of dollars for investors since its founding in 1995 [3]. Group 2: Allegations Against Endava - The complaint alleges that Endava and its executives violated federal securities laws by failing to disclose material adverse facts about the company's business, including a decline in demand for services and project delays by clients [4]. - As a result of these undisclosed issues, Endava's fiscal 2023 and 2024 revenue and earnings were adversely affected, leading to misleading positive statements about the company's prospects [4]. Group 3: Impact on Stock Price - Following the revelation of the company's declining performance, Endava's stock price dropped significantly, with a decline of $26.65, or 42%, to close at $37.17 on February 29, 2024, after the company reported revenues below expectations and cut its revenue guidance for the full year 2024 [5].
Endava PLC Sponsored ADR (DAVA) Misses Q4 Earnings and Revenue Estimates
ZACKS· 2024-09-19 13:56
Group 1: Earnings Performance - Endava PLC reported quarterly earnings of $0.28 per share, missing the Zacks Consensus Estimate of $0.29 per share, and down from $0.71 per share a year ago, representing an earnings surprise of -3.45% [1] - The company posted revenues of $245.3 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 1.35%, compared to year-ago revenues of $237.56 million [2] - Over the last four quarters, Endava has surpassed consensus EPS estimates two times and topped consensus revenue estimates two times [2] Group 2: Stock Performance and Outlook - Endava shares have lost about 62.9% since the beginning of the year, while the S&P 500 has gained 17.8% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the coming quarter is $0.38 on revenues of $257.42 million, and for the current fiscal year, it is $1.60 on revenues of $1.06 billion [7] Group 3: Industry Context - The Computers - IT Services industry, to which Endava belongs, is currently in the top 20% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Endava's stock performance [5] - The Zacks Rank for Endava is currently 3 (Hold), suggesting that the shares are expected to perform in line with the market in the near future [6]
DAVA INVESTOR NOTICE: Robbins Geller Rudman & Dowd LLP Announces that Endava plc Investors with Substantial Losses Have Opportunity to Lead Case
GlobeNewswire News Room· 2024-09-19 13:40
SAN DIEGO, Sept. 19, 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 as well as certain of Endava's top executives with violations of the ...