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The filed complaint alleges that Adobe Inc. made materially false and/or misleading statements and/or failed to disclose that: Adobe issued a press release on September 12, 2024, reporting financial results for the third quarter of its fiscal year 2024. Although Adobe reported net new annual recurring revenue of $44 million, exceeding guidance, its fourth quarter outlook fell short of consensus estimates by approximately $21 million. Following this news, Adobe's stock price fell over 8% on September 13, 2024.
In order to be eligible to join the ADBE class action lawsuit, you must have incurred a loss on shares of Adobe Inc. purchased during the class period listed above.
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