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

Boulder, CO based Zayo Group Holdings, Inc., through its subsidiaries, provides bandwidth infrastructure solutions for the communications industry in the United States, Canada, and Europe. Zayo Group Holdings, Inc. reported that its Total Revenue rose from over $2.19 billion for the 12 months period that ended on June 30, 2017 to over $2.6 billion for the 12 months period that ended on June 30, 2018 and that its Net Income over those respective time periods increased from $85.7 million to $101.9 million.

Shares of Zayo Group Holdings, Inc. (NYSE: ZAYO) reached as high as $39.52 per share in July 2018.

On November 7, 2018, Zayo Group Holdings, Inc announced 'plans to separate into two publicly traded companies: one to focus on providing core communications infrastructure and another to leverage infrastructure to provide solutions for a broad set of enterprise customers.' On November 8, 2018, Zayo announced its financial and operating results for the first quarter of fiscal year 2019. Among other results, Zayo Group Holdings, Inc announced that its net income had decreased by $20.7 million over the previous quarter, and reported a net loss of $3.4 million from the Company's Allstream segment.

Shares of Zayo Group Holdings, Inc. (NYSE: ZAYO) declined on November 8, 2018 to as low as $22.00 per share.

On November 9, 2018, NYSE: ZAYO shares closed at $23.26 per share.