A lawsuit was filed on behalf of investors in Dycom Industries, Inc. (NYSE: DY) shares over alleged securities laws violations.
San Diego, CA -- (SBWIRE) -- 11/05/2018 -- An investor, who purchased shares of Dycom Industries, Inc. (NYSE: DY), filed a lawsuit over alleged violations of Federal Securities Laws by Dycom Industries.
Investors who purchased shares of Dycom Industries, Inc. (NYSE: DY) have certain options and for certain investors are short and strict deadlines running. Deadline: December 24, 2018. NYSE: DY investors should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The plaintiff claims that between November 20, 2017 and August 10, 2018, that the defendants made false and/or misleading statements and/or failed to disclose that Dycom's large projects were highly dependent on permitting and tactical considerations, that Dycom was facing great uncertainties related to permitting issues, that said uncertainties would expose Dycom to near-term margin pressure and absorption issues, and that as a result of the foregoing, Defendants' statements about Dycom's business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.
Florida based Dycom Industries, Inc. provides specialty contracting services in the United States and Canada. On August 13, 2018, Dycom Industries, Inc. announced that its revenue and results for the quarter ended July 28, 2018 will be below previous guidance. The company also revised its financial guidance for the 2019 second quarter and the current expectations for the remainder of the fiscal year
Shares of Dycom Industries, Inc. (NYSE: DY) declined to as low as $67.15 per share on August 13, 2018.
Those who purchased shares of Dycom Industries, Inc. (NYSE: DY) have certain options and should contact the Shareholders Foundation.
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About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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