NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Ubiquiti Networks, Inc. (NASDAQ:UBNT) resulting from allegations that Ubiquiti may have issued materially misleading business information to the investing public.
On September 18, 2017, Citron Research issued a report alleging a number of “red flags” suggesting Ubiquiti has been misleading investors by posting significantly higher operating margins than industry peers and comparatively low interest income from an increasing cash position. The report also alleges red flags based on Ubiquiti’s distribution network, corporate turnover and corporate culture. On 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.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Ubiquiti investors. If you purchased shares of Ubiquiti on or before September 18, 2017, please visit the firm’s website at http://www.rosenlegal.com/cases-1210.html for more information. You may also contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or kchan@rosenlegal.com.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Since 2014, Rosen Law Firm has been ranked #2 in the nation by Institutional Shareholder Services for the number of securities class action settlements annually obtained for investors.
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