An investigation on behalf of investors of Dycom Industries, Inc. (NYSE: DY) shares over potential securities laws violations by Dycom Industries, 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 Dycom Industries, Inc. (NYSE: DY) concerning whether a series of statements by Dycom Industries, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Palm Beach Gardens, FL based Dycom Industries, Inc. provides specialty contracting services in the United States. Dycom Industries, Inc. reported that its Total Revenue rose from over $3.12 billion for the 12 months period that ended on January 31, 2019, to over $3.3 billion for the 12 months period that ended on January 31, 2019, and that its EBIT over those respective time periods declined from $132.4 million to $129.39 million.

On November 24, 2020, Dycom Industries, Inc. announced its financial results for the Companys fiscal quarter ended October 24, 2020. For the quarter, Dycom Industries, Inc. announced revenue of $810.3 million, missing consensus estimates by approximately $6.64 million and representing a year-over-year decline of approximately 8.3%.

Shares of Dycom Industries, Inc. (NYSE: DY) declined from $78.38 per share on November 23, 2020, to $61.50 per share on November 30, 2020.