Rosen Law Firm, a global investor rights law firm, announces that it is investigating potential securities claims on behalf of shareholders of Doximity, Inc. (NYSE: DOCS) resulting from allegations that Doximity may have issued materially misleading business information to the investing public.
If you purchased Doximity securities and would like to join the prospective action, please click “Join This Class Action.”
On August 8, 2023, after the market closed, Doximity reported its first quarter 2024 financial results, and revenues and also revised guidance for fiscal 2024. In pertinent part, it announced that it now expects revenue of $452M-$468M versus the prior estimate of $503 million.
On this news, the price of Doximity stock plunged by $7.49 per share, or 22.8%, to close at $25.30 per share on August 9, 2023.
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