An investigation for investors in Silicon Graphics International Corp (NASDAQ:SGI) shares over potential securities laws violations by Silicon Graphics International was announced and NASDAQ:SGI stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWire) -- 05/04/2016 --An investigation for investors of Silicon Graphics International Corp (NASDAQ:SGI) shares was announced over potential securities laws violations by Silicon Graphics International in connection certain financial statements.

Investors who purchased shares of Silicon Graphics International Corp (NASDAQ:SGI), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The investigation by a law firm focuses on whether a series of statements by Silicon Graphics International regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On January 27, 2016, Silicon Graphics International Corp reported its fiscal second quarter 2016 financial results. Among other things, Silicon Graphics International Corp reiterated its revenue outlook for fiscal year 2016 in the range of $600 to $625 million.

Then on April 27, 2016, Silicon Graphics International Corp reported its fiscal third quarter 2016 financial results. Among other things, Silicon Graphics International Corp lowered its revenue outlook for fiscal 2016 due to delays in federal business. On that same day, Silicon Graphics International Corp 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. Shares of Silicon Graphics International Corp (NASDAQ:SGI) declined to as low as $4.33 per share on April 28, 2016.

Those who purchased shares of Silicon Graphics International Corp have certain options and should contact the Shareholders Foundation.

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