I htought that TNGO's collaborative efforts with SAP had already been publcized by the Company at earnings calls and such. Why is this announcement causing such a spike in the stock price?
This company has very good fundamentals and growth prospects. Unfortunately they are in the crosshairs of shady characters looking to profit from their short positions. I believe that tngo will be vindicated and bounce back sometime this year. Notice also, that all of the analysts have confirmed their price targets.
Sentiment: Strong Buy
Do you get aroused every time there is a press release about the class action lawsuit? Sure seems like it!
Securities Class Action Lawsuit for Investors with Over $150,000 in Losses Only
A class action lawsuit has been commenced in the United States District Court for the District of Connecticut on behalf of purchasers of Tangoe, Inc. ("Tangoe" or the "Company") (TNGO) common stock during the period between December 20, 2011 and September 5, 2012, inclusive (the "Class Period").
The complaint accuses the defendants of violations of the Securities Exchange Act of 1934 by virtue of the defendants' failure to disclose during the Class Period that the Company was overstating its organic growth by underreporting the percentage of revenue that was derived from recent acquisitions.
If you have suffered a net loss in excess of $150,000 from investment in Tangoe, Inc. common stock purchased on or after December 20, 2011, and held through September 5, 2012, you may obtain additional information about this lawsuit and your ability to become a lead plaintiff by contacting us at 1-877-772-3975 or email at contact @ tripplevy