Lawsuit for Investors in Dycom Industries, Inc. (NYSE: DY) shares announced by Shareholders Foundation

SAN DIEGO, CA, November 28, 2018 (Newswire.com) - The Shareholders Foundation, Inc. announces that a lawsuit was filed for certain investors in shares of Dycom Industries, Inc. (NYSE: DY).

Investors, who purchased shares of Dycom Industries, Inc. (NYSE: DY), have certain options and should contact the Shareholders Foundation at [email protected] or call +1(858) 779 - 1554.

On August 13, 2018, Dycom Industries, Inc. announced that its revenue and results for the quarter ended July 28, 2018 will be below previous guidance. The company also revised its financial guidance for the 2019 second quarter and the current expectations for the remainder of the fiscal year. Shares of Dycom Industries, Inc. (NYSE: DY) declined to as low as $67.15 per share on August 13, 2018.

The plaintiff alleges that the defendants made false and/or misleading statements and/or failed to disclose that Dycom's large projects were highly dependent on permitting and tactical considerations, that Dycom was facing great uncertainties related to permitting issues, that said uncertainties would expose Dycom to near-term margin pressure and absorption issues, and that as a result of the foregoing, Defendants' statements about Dycom's business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.

Those who purchased Dycom Industries, Inc. (NYSE: DY) shares should contact the Shareholders Foundation, Inc.

CONTACT:

Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
[email protected]
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.

SOURCE: Shareholders Foundation, Inc.

Source: Shareholders Foundation, Inc.