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VUZI

Vuzix

$5.25

-0.15 (-2.78%)

13:19
04/06/18
04/06
13:19
04/06/18
13:19

Vuzix files defamation lawsuit against short seller Richard Pearson

Vuzix announces that the company has filed a defamation lawsuit against Ricardo Antonio Pearson in the Supreme Court of the State of New York, County of New York. Vuzix is seeking damages in excess of $80M including punitive damages, money damages and interest. The company said, "Ricardo Antonio Pearson, who uses the pseudonym 'Richard Pearson,' is a veteran short seller. Pearson recently published two 'Short and Distort' articles on March 16, 2018 and March 20, 2018, respectively, that are riddled with false, misleading and defamatory statements about Vuzix." CEO Paul Travers said, "The filing of this lawsuit is a necessary course of action to defend the interests of the company and all of the company's shareholders, customers and business partners against false, misleading and defamatory statements made about Vuzix by a malicious short seller. The decision to pursue legal action against the short seller was a unanimous decision by our Board of Directors and is not something that any of us take lightly. Vuzix employees are an extremely proud and humble group of individuals that have and continue to work hard to do things 'the right way' and we will not stand idly by when clearly false and misleading statements and attacks are made against our company."

VUZI Vuzix
$5.25

-0.15 (-2.78%)

01/08/18
CHLM
01/08/18
INITIATION
Target $12
CHLM
Buy
Vuzix initiated with a Buy at Craig-Hallum
Craig-Hallum analyst Christian Schwab started Vuzix with a Buy rating and $12 price target as he believes revenue could grow nearly 10-fold by 2020 as AR/VR products start to ramp.
01/08/18
01/08/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Vuzix (VUZI) initiated with a Buy at Craig-Hallum. 2. Oneok (OKE) initiated with an Outperform at Credit Suisse. 3. Telecom Argentina (TEO) initiated with a Buy at Citi. 4. Tata Motors (TTM) assumed with a Buy at Jefferies. 5. Sandy Spring Bancorp (SASR) initiated with a Buy at Gabelli. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
03/20/18
MAXM
03/20/18
NO CHANGE
Target $11
MAXM
Buy
Vuzix price target lowered to $11 from $13 at Maxim
Maxim analyst Brain Kinstlinger lowered his price target on Vuzix to $11, citing a "slower ramp of smart glass sales" anticipated for 2018 and 2019 along with a Q4 revenue miss. The analyst keeps his Buy rating on the stock longer term, noting the company's "second to none" offering of smart glasses and "ample capital to support growth".

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