HealthStream Inc
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Health Care : Health Care Technology | Small Cap GrowthCompany profile

HealthStream, Inc. (HealthStream) provides workforce and provider solutions for healthcare organizations. It operates in two segments: HealthStream Workforce Solutions and HealthStream Provider Solutions. Its products and services are organized into two segments: Workforce Solutions and Provider Solutions. Its products and services help healthcare organizations meet ongoing talent management, training, education, assessment, competency management, compliance, provider credentialing and privileging management, and provider enrollment needs. Its solutions are provided to a range of customers within the healthcare industry across the continuum of care. Delivered primarily as Software-as-a-Service, its solutions focus on challenges facing the healthcare workforce and healthcare organizations, including the need to manage, retain, engage and develop healthcare workforce talent; manage ongoing medical staff credentialing and deliver patient experiences of care in healthcare organizations.

Postmarket

Last Trade
Delayed
$27.41
0.10 (0.37%)
Bid
--
Ask
--
B/A Size
--

Market Hours

Closing Price
$27.31
Day's Change
0.23 (0.85%)
Bid close
--
Ask close
--
B/A Size
--
Day's High
27.53
Day's Low
26.89
Volume
(Heavy Day)
Volume:
113,061

10-day average volume:
92,230
113,061

ADTN CLASS ACTION DEADLINE: Bernstein Liebhard LLP Announces the Filing of a Securities Class Action Against ADTRAN, Inc.

2:44 pm ET October 21, 2019 (PR Newswire) Print

Bernstein Liebhard, a nationally acclaimed investor rights law firm, announces that a securities class action has been filed on behalf of investors that purchased or acquired the securities of ADTRAN, Inc. ("ADTRAN" or the "Company") (NASDAQ: ADTN) between February 28, 2019 and October 9, 2019, inclusive (the "Class Period"). The lawsuit filed in the United States District Court for the Southern District of New York alleges violations of the Securities Exchange Act of 1934.

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If you purchased ADTRAN securities, and/or would like to discuss your legal rights and options please visit ADTRAN Shareholder Class Action or contact Matthew E. Guarnero toll free at (877) 779-1414 or MGuarnero@bernlieb.com.

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that there were material weaknesses in the Company's internal control over financial reporting; (2) that, as a result, certain E&O reserves had been improperly reported; (3) that, as a result, the Company's financial results for certain periods were misstated; (4) that there would be a pause in shipments to the Company's Latin American customer; and (5) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

On July 17, 2019, the Company announced "preliminary" earnings for second quarter 2019 due to its ongoing assessment of the reasonableness of its current and previously reported excess and obsolete inventory reserves ("E&O reserves"). On this news, the Company's share price fell $3.69 per share, over 23%, to close at $12.13 per share on July 18, 2019, thereby injuring investors.

Then, on October 9, 2019, after-market, the Company announced that its "revenue this quarter has been significantly impacted by a pause in shipments to a Tier 1 customer in Latin America and the continued slowdown in the spending at an international Tier 1 customer." On this news, the Company's share price fell $2.10 per share, over 19%, to close at $8.81 per share on October 10, 2019, thereby injuring investors further.

If you purchased ADTRAN securities, and/or would like to discuss your legal rights and options please visit https://www.bernlieb.com/cases/adtraninc-adtn-shareholder-class-action-lawsuit-stock-fraud-204/apply/ or contact Matthew E. Guarnero toll free at (877) 779-1414 or MGuarnero@bernlieb.com.

If you wish to serve as lead plaintiff, you must move the Court no later than December 16, 2019. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Your ability to share in any recovery doesn't require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.

Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal's "Plaintiffs' Hot List" thirteen times and listed in The Legal 500 for ten consecutive years.

ATTORNEY ADVERTISING. (C) 2019 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The lawyer responsible for this advertisement in the State of Connecticut is Michael S. Bigin. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Contact InformationMatthew E. GuarneroBernstein Liebhard LLPhttps://www.bernlieb.com(877) 779-1414MGuarnero@bernlieb.com

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SOURCE Bernstein Liebhard LLP

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