BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of investors of SuperCom, Ltd. ("SuperCom" or the "Company") (Nasdaq: SPCB) concerning the Company’s and its officers’ possible violations of federal securities laws. The investigation concerns whether the Company allegedly misled investors regarding its sales process with certain government agencies, and whether the Company’s sales forecasts were in fact narrowing at a time when the Company was reporting “broadening” sales forecasts.
On November 30, 2015, SuperCom revealed preliminary third quarter 2015 revenues of $5.5-$6.1 million. These results represent figures much lower than both SuperCom’s own revenue goals, and analysts’ expectations of $13.38 million. Additionally, SuperCom lowered its fiscal 2015 revenue and earnings guidance.
Upon this news, shares of SuperCom dropped from a close of $7.70 per share on November 27, 2015, to a close of $4.60 per share on November 30, 2015.
If you purchased SuperCom securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.
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