MasTec, Inc.

Case Form

Find Out if You Potentially Qualify for a Financial Reward by filling out the form.

First Name

Last Name

Phone

Street Address

City

State

Zip

Shares Purchased

Purchase Date

Estimated Loss

The submission of this form does not create an attorney-client relationship.

Investigation Details

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.