INVESTOR NOTICE: Goldberg Law PC Announces an Investigation of Claims Against Connecture, Inc. & Advises Investors With Losse...
August 09 2016 - 8:40PM
Business Wire
Goldberg Law PC announces that it is investigating Connecture,
Inc. (“Connecture” or the “Company”) (Nasdaq: CNXR) concerning
possible violations of federal securities laws.
If you purchased or otherwise acquired Connecture shares and
would like more information regarding the investigation, we advise
you to contact Michael Goldberg or Brian Schall, of Goldberg Law
PC, 1999 Avenue of the Stars Suite 1100, Los Angeles, CA 90067, at
800-977-7401, to discuss your rights without cost to you. You can
also reach us through the firm’s website at
http://www.Goldberglawpc.com, or by email at
info@goldberglawpc.com.
On May 9, 2016, Connecture reiterated its full year 2016
guidance for total revenues to be in the range of $100 - $110
million in total revenue. On August 8, 2016, Connecture lowered its
full year 2016 guidance for total revenues to be in the range of
$85-$88 million. The lowered full year 2016 guidance was due
primarily to: year-to-date revenue results being below the
Company’s initial expectations; reduced revenue expectations in
Connecture’s Private Exchange business for the remainder of the
year, due to slower customer adoption of its solutions than
originally anticipated; the impact of certain of its
Enterprise/Commercial customers transitioning from maintenance of
their existing platforms to upgrades to the newest platform on 2016
revenue; and the impact of Connecture’s decision to reduce its
focus on the State/Medicaid opportunity. When this news was
announced, shares of Connecture fell in value sharply.
If you have any questions concerning your legal rights, please
immediately contact Goldberg Law PC at 800-977-7401, or visit our
website at http://www.Goldberglawpc.com, or email us at
info@goldberglawpc.com.
Goldberg Law PC represents shareholders around the world and
specializes in securities class actions and shareholder rights
litigation.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20160809006536/en/
Goldberg Law PC, Los AngelesMichael Goldberg, Esq.,
800-977-7401Brian Schall, Esq.,
800-977-7401info@goldberglawpc.comhttp://www.Goldberglawpc.com