Press release
Investigation announced for Investors in shares of ADTRAN, Inc. (NASDAQ: ADTN)
An investigation for investors in ADTRAN, Inc. (NASDAQ: ADTN) shares over potential securities laws violations by ADTRAN, Inc.
Investors who purchased shares of ADTRAN, Inc. (NASDAQ: ADTN), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of ADTRAN, Inc. (NASDAQ: ADTN) concerning whether a series of statements by ADTRAN, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Huntsville, AL based ADTRAN, Inc. provides networking and communications equipment worldwide. ADTRAN, Inc. reported that its annual Total Revenue declined from $666.90 million in 2017 to $529.27 million in 2018 and that its respective Net Income decreased from $23.84 million in 2017. to a Net Loss of $19.34 million in 2018.
On July 17, 2019, ADTRAN, Inc. announced “preliminary” earnings for the second quarter of 2019 due to the Company’s assessment of its current and previously reported E&O reserves.
On August 12, 2019, ADTRAN, Inc. disclosed its inability to timely file its quarterly financial report with the SEC, admitting to material weaknesses in its internal controls, resulting in a misstatement of the Company’s previously reported E&O reserves.
Shares of ADTRAN, Inc. (NASDAQ: ADTN) declined from $24.60 per share in October 2017 to as low as $9.92 per share on August 28, 2019.
Those who purchased shares of ADTRAN, Inc. (NASDAQ: ADTN) have certain options and should contact the Shareholders Foundation.
Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, 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. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Investigation announced for Investors in shares of ADTRAN, Inc. (NASDAQ: ADTN) here
News-ID: 1831175 • Views: …
More Releases from Shareholders Foundation
ALERT: Lawsuit filed for Investors who SOLD shares of Sina Corporation (formerly …
An investor, who sold shares of Sina Corporation (formerly NASDAQ: SINA) in the merger between Seina Corporation and TuSimple Holdings, Inc, filed a lawsuit over alleged violations of Federal Securities Laws by Sina Corporation (formerly NASDAQ: SINA in connection with certain allegedly false and misleading statements made.
If you sold a significant amount of shares of Sina Corporation (formerly NASDAQ: SINA) between October 13, 2020 and March 22, 2021, you have…
Lawsuit Alert: Investors who lost money with shares of Fluor Corporation (NYSE: …
An investor, who purchased shares of Fluor Corporation (NYSE: FLR), filed a lawsuit alleged violations of Federal Securities Laws by Fluor Corporation in connection with certain allegedly false and misleading statements.
Investors who purchased shares of Fluor Corporation (NYSE: FLR) have certain options and for certain investors are short and strict deadlines running. Deadline: November 14, 2025. NYSE: FLR investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779…
Investigation announced for Long-Term Investors in shares of Sable Offshore Corp …
An investigation was announced for long-term investors in shares of Sable Offshore Corp. (NYSE: SOC) concerning potential breaches of fiduciary duties by certain directors of Sable Offshore Corp.
Investors who are current long term investors in Sable Offshore Corp. (NYSE: SOC) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in…
Lawsuit filed for Investors who lost money with shares of Lantheus Holdings, Inc …
An investor, who purchased shares of Lantheus Holdings, Inc. (NASDAQ: LNTH), filed a lawsuit over alleged violations of Federal Securities Laws by Lantheus Holdings, Inc. in connection with certain allegedly false and misleading statements.
Investors who purchased shares of Lantheus Holdings, Inc. (NASDAQ: LNTH) have certain options and for certain investors are short and strict deadlines running. Deadline: November 10, 2025. NASDAQ: LNTH investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com…
More Releases for ADTRAN
PON Monitoring System Market Is Booming Worldwide | Huawei Technologies, ADTRAN, …
The latest research study released by AMA on the PON Monitoring System Market offers over 181+ pages of analysis on business strategies employed by key and emerging industry players. It provides insights into current market developments, landscape, technologies, drivers, opportunities, market outlook, and status. The market study is segmented by key regions driving market growth. The PON Monitoring System study combines qualitative and quantitative market data, primarily collected and validated…
Wireless Infrastructure Market is Going to Boom | Samsung,Ericsson, Adtran
Stay up-to-date and exploit latest trends of Wireless Infrastructure Market with latest edition released by AMA.
Wireless Infrastructure Market Comprehensive Study is an expert and top to bottom investigation on the momentum condition of the worldwide Wireless Infrastructure industry with an attention on the Global market. The report gives key insights available status of the Wireless Infrastructure producers and is an important wellspring of direction and course for organizations and people…
Lawsuit filed for Investors in ADTRAN, Inc. (NASDAQ: ADTN) shares
An investor, who purchased shares of ADTRAN, Inc. (NASDAQ: ADTN), filed a lawsuit over alleged violations of Federal Securities Laws by ADTRAN, Inc. in connection with certain allegedly false and misleading statements.
Investors who purchased shares of ADTRAN, Inc. (NASDAQ: ADTN) have certain options and for certain investors are short and strict deadlines running. Deadline: December 16, 2019. ADTRAN, Inc. (NASDAQ: ADTN investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com…
Global xDSL Equipment Market 2017 - Atrie, Adtran, Siemens
In depth analysis Covers Major Manufactures of xDSL Equipment Market – Atrie, Adtran, Siemens with detail like Company Profile, Product Picture, Specifications, Capacity, Production, Price, Cost, Gross, Revenue and Contact Information.
Request For Report Sample Here : https://goo.gl/2onn0r
The 'Global xDSL Equipment Industry, 2017-2022 Market Research Report' is the detailed comprehensive analysis of the current state of the global xDSL Equipment industry with a focus on the Chinese market. The report provides…
ADTRAN Names Gary Bolton as Vice President of Global Marketing
Industry Veteran Joins ADTRAN Management Team
HUNTSVILLE, Ala.--(February 23, 2009)--ADTRAN, Inc. (NASDAQ: ADTN), a leading supplier of networking and communications solutions, announced today that it has named Gary Bolton as vice president of Global Marketing. Bolton brings more than 20 years experience in telecom having helped large, industry-leading companies and growing innovative start-ups build brand, develop product positioning, communicate key messaging and establish leadership positions throughout the world. He joins ADTRAN…
ADTRAN Announces New Opportunities for SMB Resellers
IP Telephony and Internetworking Specializations Offer Greater Revenue Incentives and New Product Solutions for Mid-Tier ADvantage Partners
HUNTSVILLE, Ala.--(April 23, 2008)--ADTRAN, Inc. (NASDAQ: ADTN), a leading supplier of networking and communications solutions, announced today that the company has enhanced its ADTRAN ADvantage Partner Program. The changes are designed to strengthen relationships with mid-tier ADvantage partners. Through these program enhancements, partners will benefit from access to additional product lines, increased revenue incentives…
