Glancy Prongay & Murray LLP Announces Investigation on Behalf of Dycom Industries, Inc. Investors
LOS ANGELES –(BUSINESS WIRE)
Glancy 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.
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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 protected], 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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