SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Ubiquiti Networks, Inc.
NEW YORK, Sept. 19, 2017 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Ubiquiti Networks, Inc. ("Ubiquiti" or the "Company") (Nasdaq: UBNT). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/ubnt.
The investigation concerns whether Ubiquiti and certain of its officers and/or directors have violated Federal Securities Laws.
On September 18, 2017, Citron Research published a report that described Ubiquiti as a "total fraud." The report identified several purported "red flags" that, in the view of the report's author, indicated that the Company was deceiving investors, including operating margins well above those of Ubiquiti's peers and relatively low interest income despite a growing cash position.
Following this news, shares of Ubiquiti fell $4.33 per share or over 7% to close at $50.62 per share on September 18, 2017, damaging investors.
If you are aware of any facts relating to this investigation, or purchased Ubiquiti shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/ubnt. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]
SOURCE Bronstein, Gewirtz & Grossman, LLC
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