Shareholders Foundation, Inc.

Comverse Inc (NASDAQ:CNSI) Investor Alert: Investigation of Potential Securities Laws Violations

An investigation for investors in Comverse Inc (NASDAQ:CNSI) shares over potential securities laws violations by Comverse was announced and NASDAQ:CNSI stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com

 
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San Diego, CA -- (SBWIRE) -- 06/17/2014 -- An investigation on behalf of investors of Comverse Inc (NASDAQ:CNSI) shares over potential securities laws violations by Comverse Inc and certain of its directors and officers in connection certain financial statements was announced.

Investors whopurchased shares of Comverse Inc (NASDAQ:CNSI), you have certain options and you should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Comverse Inc (NASDAQ:CNSI) concerning whether a series of statements by Comverse regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Shares of Comverse Inc (NASDAQ:CNSI) grew from $26.67 per share in April 2013, to as high as $40 per share on January 15, 2014.

Then on April 15, 2014 Comverse reported fourth quarter and full-year revenues and earnings for 2013. Comverse Inc reported that its while its Total Revenue declined from $677.76 million for the 12 months period that ended on Jan. 31, 2013 to $652.50 million for the 12 months period that ended on Jan. 31, 2014, that its Net Loss of $20.29 million for the 12 months period that ended on Jan. 31, 2013 turned into a Net Income of $18.69 million for the 12 months period that ended on Jan. 31, 2014.

Shares of Comverse Inc (NASDAQ:CNSI) declined from $35.75 per share on April 9, 2014, to $24.73 per share on April 29, 2014.

Then on June 9, 2014, Comverse Inc announced its results for the three months ended April 30, 2014. Among other things, Comverse Inc reported that its first quarter revenue declined from $155.81 million in 2013 to $119.13 million in 2014 and that its first quarter Net Loss increased from $3.14 million in 2013 to $16.13 million in 2014.

Shares of Comverse Inc closed on June 13, 2014, at $25.41 per share.

Those who purchased shares of Comverse Inc (NASDAQ:CNSI) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Trevor Allen
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com