An investigation on behalf of investors of Altice USA Inc (NYSE:ATUS) shares over potential securities laws violations by Altice USA Inc and certain of its directors and officers in connection with certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Altice USA Inc (NYSE:ATUS) concerning whether a series of statements by Altice USA Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Long Island City, NY based Altice USA, Inc. is engaged in providing broadband communications and video services in the United States. Altice USA Inc went public in June 2017.

Shares of Altice USA Inc (NYSE:ATUS) declined from $34.30 per share in June 2017 to as low as $17.85 per share in November 2017.

On February 27, 2018, Altice USA Inc reported its full year and fourth quarter 2017 results. Altice USA Inc reported that its annual Total Revenue rose from over $6.01 billion in 2016 to over $9.32 billion in 2017 and that its Net Loss of $823.03 million in 2016 turned into a Net income of over $1.52 billion in 2017.