Newport Corp (NASDAQ:NEWP) Shareholder Alert: Investigation over Possible Violations of Securities Laws
An investigation for investors in Newport Corp (NASDAQ:NEWP) shares over potential securities laws violations by Newport was announced and NASDAQ:NEWP stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWire) -- 08/03/2015 --An investigation on behalf of investors of Newport Corp (NASDAQ:NEWP) shares over potential securities laws violations by Newport and certain of its directors and officers in connection certain financial statements was announced.
Investors who purchased shares of Newport Corp (NASDAQ:NEWP), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Newport Corp (NASDAQ:NEWP) concerning whether a series of statements by Newport regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On July 20, 2015, Newport Corp announced that it was lowering its guidance for the second quarter of 2015 ended July 4, 2015, citing lower sales, a loss of $1.4 million from the company's newly acquired Femtolasers business, and an inventory charge of approximately $1.1 million. Newport Corp stated that it expected sales to be in the range of $147-$148 million for the second quarter of 2015, despite having previously announced that it expected sales to be in the range of $154-161 million. Shares of Newport Corp (NASDAQ:NEWP) declined from $19.96 per share on June 24, 2015 to as low as $15.49 per share on July 27, 2015.
On July 30, 2015, NASDAQ:NEWP closed at $16.25 per share.
Those who purchased shares of Newport Corp (NASDAQ:NEWP) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
Media Relations Contact
Michael Daniels
General Manager
Shareholders Foundation
858-779-1554
http://www.ShareholdersFoundation.com
View this press release online at: http://rwire.com/614530