Compellent Technologies, Inc. Under Shareholder Investigation

If you purchased Compellent Technologies, Inc. (Public, NYSE:CML) common stock between October 28, 2009 and April 7, 2010, or if you are a current long term investor in CML shares, including those who purchased prior to October 2009, you have certain options and you should contact the Shareholders Foundation, Inc.

To have your information reviewed for options and to recieve notifications about this investigation, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Company Name(s): 
Compellent Technologies
Affected Securities: 
NYSE: CML

An investigation on behalf of investors in Compellent Technologies, Inc. (Public, NYSE:CML) stock over possible violations of federal securities laws by Compellent Technologies and others was announced.

The investigation by a law firm on behalf of investors in Compellent Technologies, Inc. (Public, NYSE:CML) common stock concerns on whether a series of statements regarding Compellent Technologies business, its prospects and its operations were materially false and misleading at the time they were made. Compellent Technologies, Inc., located in Eden Prairie, Minnesota, is a provider of enterprise-class network storage solutions that automate the movement and management of data throughout its lifecycle. Compellent Technologies, Inc. reported in 2007 Total Revenue of $51.20million, in 2008 $90.9million, and in 2009 $125.28million.

On October 28, 2009, Compellent Technologies, Inc announced record third quarter 2009 results sending its shares from nearly $18 per share on Oct. 28, 2009, to over $24 per share in January 2010. But on February 11, 2010, Compellent Technologies announced its Q1 2010 revenue guidance and shares dropped from $21.77 per share on Feb. 11 to $16.44 per share on Feb. 12. Then on April 07, 2010 Compellent Technologies lowered its Q1 2010 revenue guidance. Shares of Compellent Technologies dropped after the news from $17.50 per share on April 07 to $13.20 per share on April 08.