NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Silicon Graphics International Corp. (NASDAQ:SGI) resulting from allegations that Silicon Graphics may have issued materially misleading business information to the investing public.
On January 27, 2016, Silicon Graphics reiterated its revenue outlook for fiscal year 2016 in the range of $600 to $625 million. On April 27, 2016, Silicon Graphics lowered its revenue outlook for fiscal 2016 due to delays in federal business. On that same day, Silicon Graphics revealed during its earnings call that its revenue shortfall in the third quarter was primarily due to one of its largest federal customer redirecting the decision criteria for spending. On this news, shares of Silicon Graphics fell sharply during intraday trading on April 28, 2016.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Silicon Graphics investors. If you purchased shares of Silicon Graphics on or before April 27, 2016, please visit the firm’s website at http://www.rosenlegal.com/cases-888.html for more information. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or kchan@rosenlegal.com.
Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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