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Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of SAP SE ("SAP" or the "Company") (NYSE: SAP). The investigation concerns whether SAP and certain of its officers and/or directors have violated federal securities laws.
On October 25, 2020, SAP announced its third quarter 2020 financial results, revealing that it suffered a 4% decline year-over-year in total revenue. The results also showed that SAP’s software license revenue dropped 23% while cloud revenue was up just 11% year-over-year. The Company also lowered its 2020 fiscal guidance. Following this news, SAP stock dropped 23% the next day.
If you are aware of any facts relating to this investigation, or purchased SAP shares, you can assist this investigation by visiting contacting the firm. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.