LOS ANGELES–(BUSINESS WIRE)–$ARLO #CLASSACTION—Glancy
Prongay & Murray LLP (“GPM”) announces an investigation on
behalf of Arlo Technologies, Inc. (“Arlo” or the “Company”)
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
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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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