NEW YORK, Nov. 14, 2017 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Quantenna Communications, Inc. ("Quantenna" or the "Company") (NASDAQ: QTNA). Such investors are advised to contact Robert S. Willoughby at firstname.lastname@example.org or 888-476-6529, ext. 9980.
The investigation concerns whether Quantenna and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On November 6, 2017, Quantenna reported its financial and operating results for the third quarter of 2017, advising investors that the Company expected "a delay in the deployment of a key service provider program coupled with near-term softness at one other service provider customer."
On this news, Quantenna's share price fell $4.82, or 32.41%, to close at $10.05 on November 7, 2017.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
Robert S. Willoughby
SOURCE Pomerantz LLP