INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation on Behalf of Arlo Technologies, Inc. Investors (ARLO)
BENSALEM, Pa.--(BUSINESS WIRE)--Dec 7, 2018--Law Offices of Howard G. Smith announces an investigation on behalf of Arlo Technologies, Inc. investors (“Arlo” or the “Company”) (NYSE: ARLO ) 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 over 22%, to close at $9.28 per share on December 3, 2018, on unusually heavy trading volume.
If you purchased Arlo securities, 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 Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to firstname.lastname@example.org, or visit our website at www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com:https://www.businesswire.com/news/home/20181207005525/en/
CONTACT: Law Offices of Howard G. Smith
Howard G. Smith, Esquire
KEYWORD: UNITED STATES NORTH AMERICA PENNSYLVANIA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL
SOURCE: Law Offices of Howard G. Smith
Copyright Business Wire 2018.
PUB: 12/07/2018 03:37 PM/DISC: 12/07/2018 03:37 PM