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Stock impact report

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors Ubiquiti Inc. - UI

Ubiquiti Inc. (UI) 
Last ubiquiti inc. earnings: 11/8 08:00 am Check Earnings Report
Company Research Source: PR Newswire
NEW YORK, April 8, 2021 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Ubiquiti Inc. ("Ubiquiti" or the "Company") (NYSE: UI). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980. The investigation concerns whether Ubiquiti and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.   [Click here for information about joining the class action] On January 11, 2021, Ubiquiti disclosed that a breach involving a third-party cloud provider had exposed customer account credentials.  On this news, Ubiquit's stock price fell $13.69 per share, or 5.32%, over the following two days, closing at $243.76 per share on January 13, 2021.  Then, on March 30, 2021, cybersecurity analyst Brian Krebs reported that "a source who participated in the response to that breach" alleged that Ubiquiti "massively downplayed a 'catastrophic' incident to minimize the hit Show less Read more
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