1. Skyworks faces a class action lawsuit for alleged securities fraud. 2. Stock price dropped over 24% following disappointing revenue guidance. 3. Lawsuit covers losses from July 30, 2024, to February 5, 2025. 4. Revenues were reportedly affected by an intensified competitive landscape. 5. Investors have until May 5, 2025, to join the lawsuit.
The dramatic price drop of over 24% and the class action lawsuit indicate significant investor concern, similar to past incidents with other companies where legal troubles and missed guidance led to sustained declines in stock price, as seen with other tech stocks facing litigation.
Given the severity of a class action lawsuit and its impact on stock prices, this situation is highly relevant and likely to affect SWKS investors directly.
The immediate impact of the lawsuit and negative investor sentiment can influence SWKS stock performance in the near term, a pattern observed in tech firms facing legal actions related to financial disclosures.
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=134368&wire=4
SWKS investors may also contact 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