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Stock impact report

INVESTOR ALERT: Law Offices of Howard G. Smith Continues Its Investigation on Behalf of ADTRAN, Inc. Investors

ADTRAN, Inc (ADTN)  More Company Research Source: Business Wire
Last adtran, inc earnings: 2/5 08:05 pm Check Earnings Report
PDF BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith continues its investigation on behalf of ADTRAN, Inc.(“ADTRAN” or the “Company”) (NASDAQ: ADTN) investors concerning the Company and its officers’ possible violations of federal securities laws.On July 17, 2019, the Company announced “preliminary” earnings for second quarter 2019 due to its ongoing assessment of the reasonableness of its current and previously reported excess and obsolete inventory reserves (“E&O reserves”).On this news, the Company’s share price fell $3.69 per share, over 23%, to close at $12.13 per share on July 18, 2019, thereby injuring investors.Then, on August 12, 2019, the Company disclosed that it would be unable to timely file its quarterly financial report with the SEC. Moreover, the Company disclosed that certain material weaknesses in its internal control resulted in a misstatement of previously reported E&O reserves.If you purchased ADTRAN securities, have information or would like to lear [Read more]
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