LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Mercury Systems, Inc. (“Mercury” or “the Company”) (NASDAQ: MRCY) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Mercury reported its financial results for the third quarter on May 2, 2023. The Company cut its revenue guidance for the full year from between $1.01 billion and $1.05 billion to between $990 million and $1.01 billion. It also lowered guidance from between a profit of 24 cents a share and 44 cents a share to a loss of between 34 cents and 20 cents a share. Based on this news, shares of Mercury fell by more than 16% on the next day.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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