Fluent, Inc. (FLNT)
Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Fluent, Inc. (FLNT)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Fluent, Inc. (“Fluent” or the “Company”) (NYSE: FLNT). The investigation concerns whether Fluent and certain of its officers and/or directors have violated federal securities laws.
On November 11, 2019, post-market, Fluent issued a press release announcing its financial results for the third quarter of 2019. Among other results, Fluent reported revenue that fell short of analyst expectations, citing “confluence of factors, including certain uncollectible receivables, ebbs with several business partners and organizational re-alignment.” Fluent also cut its full-year revenue guidance to a range of $265 million to $267 million, down significantly from previous guidance of $277 million to $285 million. On this news, Fluent’s stock price fell $0.86 per share, or 33.86%, to close at $1.68 per share on November 12, 2019.
If you are aware of any facts relating to this investigation, or purchased Fluent shares, you can assist this investigation by contacting 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.