Levi & Korsinsky Announces the Filing of a Securities Class Action on Behalf of Skyworks Solutions, Inc.(SWKS) Shareholders
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Levi & Korsinsky law firm has filed a securities class action lawsuit against Skyworks Solutions (SWKS) alleging securities fraud between July 30, 2024 and February 5, 2025. The lawsuit claims the company provided misleading information about expected revenue and growth potential. After announcing lower-than-anticipated Q2 fiscal year 2025 revenue guidance, SWKS stock price dropped over 24% in a single day, from $87.08 to $65.60 per share.
March 23, 2025 | 11:45 am
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The securities class action lawsuit could potentially impact SWKS stock by creating legal uncertainty and highlighting potential issues with the company's financial reporting and guidance.
The lawsuit directly targets Skyworks Solutions, alleging securities fraud. The significant stock price drop and legal action suggest potential negative short-term market sentiment and financial risk.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100