Mercury Investor Alert| MENAFN.COM

Tuesday, 29 November 2022 02:21 GMT

Mercury Investor Alert


(MENAFN- Newsfile Corp) Mercury Investor Alert Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Mercury To Contact Him Directly To Discuss Their Options

New York, New York--(Newsfile Corp. - November 23, 2022) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Mercury Systems, Inc. ('Mercury' or the 'Company') (NASDAQ: MRCY).

If you suffered losses exceeding $50,000 investing in Mercury stock or options and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310) . You may also click here for additional information: .




There is no cost or obligation to you.

Faruqi & Faruqi is a leading minority and Woman-owned national securities law firm with offices in New York, Pennsylvania, California and Georgia.

On July 26, 2022, Glasshouse Research published a report alleging that Mercury's organic revenue is 'overstated,' that its Physical Optics acquisition has been a 'disaster,' and that management has prematurely recognized revenues.

On this news, Mercury's stock fell $4.87, or 7.8%, to close at $57.26 per share on July 26, 2022, thereby injuring investors.

Then, on August 2, 2022, after the market closed, Mercury announced its fourth quarter and full year 2022 financial results, reporting $289.7 million in quarterly revenue, which is below prior guidance expecting revenue between $301.5 million and $321.5 million. The Company attributed the shortfall to 'material and order delays that affected the timing of revenue.'

On this news, the Company's stock fell as much as 13% during intraday trading on August 3, 2022, thereby injuring investors further.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ( ). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

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