1. Skyworks Solutions faces a class action lawsuit due to alleged securities fraud. 2. The lawsuit covers the period between July 30, 2024, and February 5, 2025. 3. Skyworks announced lower-than-expected revenue, causing a 24% stock price drop. 4. Investors who lost money may join the lawsuit without upfront fees. 5. Levi & Korsinsky has a strong track record in securities litigation.
The lawsuit and significant stock drop signal serious investor concerns, reminiscent of past securities fraud cases leading to prolonged downturns.
The class action lawsuit could deter new investments and negatively influence stock sentiment significantly.
The immediate impact is negative due to investor fear and uncertainty post-announcement, affecting SWKS's short-term trading.
Levi & Korsinsky, LLP notifies investors in Skyworks Solutions, Inc. ("Skyworks" or the "Company") (NASDAQ: SWKS) of a class action securities lawsuit.
The lawsuit seeks to recover losses on behalf of Skyworks investors who were adversely affected by alleged securities fraud between July 30, 2024 and February 5, 2025. Follow the link below to get more information and be contacted by a member of our team:
https://zlk.com/pslra-1/skyworks-solutions-inc-lawsuit-submission-form?prid=136559&wire=4
Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.
According to the complaint, defendants provided investors with material information concerning Skyworks' expected revenue for the fiscal year 2025. Defendants' statements included, among other things, confidence in Skyworks' ability to expand its mobile business and capitalize on its growth potential by investing in new technologies to diversify its portfolio of offerings. On February 5, 2025, after market close, Skyworks announced its financial results for the first quarter of fiscal year 2025 and provided lower-than anticipated revenue guidance for the second quarter of fiscal year 2025. The Company attributed its results and low guidance to a "competitive landscape" that had "intensified" in recent years. Following this news, the price of Skyworks' common stock declined dramatically. From a closing market price of $87.08 per share on February 5, 2025, Skyworks' stock price fell to $65.60 per share on February 6, 2025, a decline of over 24% in the span of just a single day.
If you suffered a loss in Skyworks during the relevant time frame, you have until May 5, 2025 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.
Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
SOURCE Levi & Korsinsky, LLP