LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of Ubiquiti Networks, Inc. (“Ubiquiti” or the “Company”) (NASDAQ: UBNT) investors concerning the Company and its officers’ possible violations of federal securities laws. To obtain information or participate in the class action, please visit the Ubiquiti page on our website at www.glancylaw.com/case/ubiquiti-networks-inc
On September 18, 2017, Citron Research issued a report alleging that the Company has misstated critical operating metrics, including net income margins, in order to conceal poor financial operating results. The report also alleges that the Company’s distribution network and corporate culture raise several red flags. On this news the Company’s shares fell over 7% during intraday trading on September 18, 2017.
If you purchased Ubiquiti securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley F. Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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