Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Ellie Mae Inc (NYSE: ELLI) violated securities laws in connection with certain financial statements.

The investigation seeks to discover if possible claims on behalf of purchasers of the securities of Ellie Mae Inc (NYSE: ELLI) concerning whether a series of statements by Ellie Mae Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On July 27, 2017, the Company reported its second quarter 2017 financial results for the period ended June 30, 2017, in which Revenue came in at $104.1 million, well below guidance. Additionally, Ellie Mae lowered its FY17 sales forecast and disclosed that FY17 adjusted income would come in almost 40% lower than the range that Ellie Mae previously provided.

On this news, NYSE: ELLI declined in value.

Based in Pleasanton, California, and founded in 1997 Ellie Mae Inc provides on-demand software solutions and services for the residential mortgage industry in the United States.

If you purchased shares of Ellie Mae Inc (NYSE: ELLI) on or before July 27, 2017, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.

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