NEW YORK, Dec. 10, 2018 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C. is investigating potential claims against Arlo Technologies, Inc. (NYSE: ARLO). Our investigation concerns whether Arlo has violated the federal securities laws and/or engaged in other unlawful business practices.
On December 3, 2018, Arlo 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, Arlo’s share price fell by more than 22%, closing at $9.28 per share on December 3, 2018.
If you purchased or otherwise acquired Arlo shares and suffered a loss, have information, 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 Brandon Walker or Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information concerning our investigation into Arlo please go to http://www.bespc.com/arlo/. For additional information about Bragar Eagel & Squire, P.C., please go to www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
Contacts
Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Melissa Fortunato, Esq.
(212) 355-4648
investigations@bespc.com
www.bespc.com