Glancy Prongay & Murray LLP Announces Investigation on Behalf of Arlo Technologies, Inc. Investors
LOS ANGELES--(BUSINESS WIRE)--Dec 7, 2018--Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of Arlo Technologies, Inc. (“Arlo” or the “Company”) (NYSE: ARLO ) investors concerning the Company and its officers’ possible violations of federal securities laws.
On December 3, 2018, the Company announced that shipments of Ultra, the Company’s new wire-free security camera system, would be delayed “due to a quality issue with the battery from one of its suppliers,” and lowered its guidance for fourth quarter 2018.
On this news, the Company’s share price fell $2.75 per share, or more than 22%, to close at $9.28 per share on December 3, 2018, thereby injuring investors.
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If you purchased Arlo, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to firstname.lastname@example.org, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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View source version on businesswire.com:https://www.businesswire.com/news/home/20181207005590/en/
CONTACT: Glancy Prongay & Murray LLP, Los Angeles/New York
Lesley Portnoy, 310-201-9150 or 888-773-9224
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL
SOURCE: Glancy Prongay & Murray LLP
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PUB: 12/07/2018 08:05 PM/DISC: 12/07/2018 08:05 PM