An investigation for investors in Rocket Fuel Inc (NASDAQ:FUEL) shares over potential securities laws violations by Rocket Fuel was announced and NASDAQ:FUEL stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 08/11/2014 -- An investigation on behalf of investors of Rocket Fuel Inc (NASDAQ:FUEL shares over potential securities laws violations by Rocket Fuel Inc and certain of its directors and officers in connection certain financial statements was announced.
Investors who purchased shares of Rocket Fuel Inc (NASDAQ:FUEL) have certain options and 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 Rocket Fuel Inc concerning whether a series of statements by Rocket Fuel regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On May 8, 2014, Rocket Fuel Inc announced its fourth quarter and fiscal year 2013 financial results. Rocket Fuel Inc reported that its annual Total Revenue rose from $106.59 million in 2012 to $240.60 million in 2013 while its respective Net Loss increased from $10.34 million to $20.93 million.
Among other things, Rocket Fuel Inc also issued its business outlook for its fiscal year 2014. Rocket Fuel Inc said that it expects revenue in the range of $420.0 million to $435.0 million. Shares of Rocket Fuel Inc (NASDAQ:FUEL) grew from $21.14 per share on May 12, 2014, to $31.09 per share on June 30, 2014.
Then on August 5, 2014, Rocket Fuel Inc announced its second quarter 2014 financial results. Among other things, Rocket Fuel Inc lowered its full year guidance.
Shares of Rocket Fuel Inc (NASDAQ:FUEL) declined from $26.84 per share on August 5, 2014, to $16.50 per share on August 8, 2014.
On August 8, 2014, NASDAQ:FUEL shares closed at $16.60 per share.
Those who purchased shares of Rocket Fuel Inc (NASDAQ:FUEL) 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