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Arlo Technologies, Inc.

Company NameArlo Technologies, Inc.
Stock SymbolARLO
Class PeriodJuly 31, 2018 to December 03, 2018
Lead Plaintiff Motion DeadlineMarch 25, 2019

On December 3, 2018, the Company 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, the Company’s share price fell $2.75 per share, or more than 22%, to close at $9.28 per share on December 3, 2018, thereby injuring investors.

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