|Company name||Arlo Technologies, Inc.|
NEW YORK, December 10, 2018 – 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 email@example.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.