Levi & Korsinsky notifies investors that it has commenced an investigation into MasTec, Inc. (NYSE: MTZ) concerning potential violations of the federal securities laws.
On August 3, 2023, MasTec announced it missed its estimates for the second quarter of 2023. The Company also revised downwards its 2023 guidance, blaming slowdowns in its communications margins for the revision. Analysts critiqued the Company for its “over-promise, under-deliver halo” concerning overly optimistic guidances which fail to materialize. Following this news, MTZ stock price fell by $24.79 per share – or approximately 21% -- within two business days of the news.
If you suffered a loss on your MasTec securities and would like to explore a potential recovery under the federal securities laws, submit to us or contact Joseph E. Levi, Esq. via email at [email protected] or call 212-363-7500 to speak to our team of experienced shareholder advocates.
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