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 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 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 [email protected], or visit our website at www.howardsmithlaw.com.
WANT TO BUILD A FINANCIAL EMPIRE?
Subscribe to the Global Banking & Finance Review Newsletter for FREE Get Access to Exclusive Reports to Save Time & Money
By using this form you agree with the storage and handling of your data by this website. We Will Not Spam, Rent, or Sell Your Information.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.