Market Overview

Robbins Arroyo LLP: Dycom Industries, Inc. (DY) Misled Shareholders According to Class Action


Shareholder rights law firm Robbins
Arroyo LLP
reminds shareholders that purchasers of Dycom Industries,
Inc. (NYSE:DY) are suing Dycom officers and directors for alleged
violations of the Securities Exchange Act of 1934 between November 20,
2017 and August 10, 2018. Dycom provides specialty contracting services
in the United States and Canada.

View this information on the law firm's Shareholder Rights Blog:

Dycom Accused of Failing to Disclose Permitting Uncertainties

According to the complaint, Dycom misled investors regarding its
financial and operating results, the timing of permitting, and the
impact of new large projects on gross margins. These misstatements
caused Dycom's stock to increase. The truth came to light when Dycom
disappointed investors on May 22, 2018, revealing that its gross margins
were approximately 100 basis points below its expectations for the
quarter because of the under-absorption of labor and field costs
associated with its larger projects and uncertainties related to
permitting issues. Months later, Dycom reaffirmed that its large
projects were not ramping-up as expected and that Dycom's core business
was in reality not as busy as previously disclosed. Since news of
Dycom's troubles became public, Dycom's stock fell over 41% to close at
$68.09 per share on August 13, 2018, and has yet to recover its value.

Dycom Shareholders Have Legal Options

Concerned shareholders who would like more information about their
rights and potential remedies can contact attorney Leonid Kandinov at
(800) 350-6003,,
or via the shareholder
information form
on the firm's website.

Robbins Arroyo LLP is a nationally recognized leader in shareholder
rights law. The firm represents individual and institutional investors
in shareholder derivative and securities class action lawsuits, and has
helped its clients realize more than $1 billion of value for themselves
and the companies in which they have invested. Sign up for our FREE
portfolio monitoring service, Stock

Attorney Advertising. Past results do not guarantee a similar outcome.

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