Arlo Technologies, Inc.
|Company Name||Arlo Technologies, Inc.|
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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