LOS ANGELES -- (Business Wire)
Prongay & Murray LLP (“GPM”) announces an investigation on
behalf of Dycom Industries, Inc. (“Dycom” or the “Company”) (NYSE: DY)
investors concerning the Company and its officers’ possible violations
of federal securities laws.
If you are a shareholder who suffered a loss, click here
The investigation concerns whether the Company misled investors that
Dycom's large projects were extremely dependent on government permitting
and other tactical considerations. The Company faced considerable
uncertainty specific to permitting.
On August 13, 2018, Dycom announced disappointing results for the
quarter ended July 28, 2018, and announced it would negatively revise
its financial guidance for fiscal 2019 due to problems arising from
stoppages on the Company’s large projects. Following this news, shares
of Dycom fell more than 24% to close at $68.09 per share on August 13,
2018, thereby injuring investors.
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If you purchased Dycom, 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@example.com,
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.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: https://www.businesswire.com/news/home/20181108006097/en/
Glancy Prongay & Murray LLP, Los Angeles/New York
Portnoy, 310-201-9150 or 888-773-9224
Source: Glancy Prongay & Murray LLP
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