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 Companys 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 Companys 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 [email protected], 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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