BENSALEM, Pa., Dec. 17, 2018 (GLOBE NEWSWIRE) -- Law Offices of Howard G. Smith reminds investors of the December 24, 2018 deadline to file a lead plaintiff motion in the class action filed on behalf of investors that purchased Dycom Industries, Inc. (“Dycom” or the “Company”) (: DY) securities between November 20, 2017 and August 10, 2018, inclusive (the “Class Period”). Dycom investors have until December 24, 2018 to file a lead plaintiff motion.
Investors suffering losses on their Dycom investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to [email protected].
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. Following this news, Dycom’s share price fell more than 24% to close at $68.09 on August 13, 2018, thereby injuring investors.
The Complaint filed in this class action alleges that the Company made false and misleading statements to the market. Dycom's large projects were extremely dependent on government permitting and other tactical considerations. The Company faced considerable uncertainty specific to permitting. Based on this uncertainty, Dycom faced near-term margin pressures, amongst other problems. Based on these facts, the Company's public statements were false and materially misleading throughout the class period.
If you purchased shares of Dycom during the Class Period you may move the Court no later than December 24, 2018 to ask the Court to appoint you as lead plaintiff if you meet certain legal requirements. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to [email protected], or visit our website at http://www.howardsmithlaw.com.
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Contacts
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
[email protected]
www.howardsmithlaw.com
