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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NEGATIVE IMPACT
The securities class action lawsuit alleges SWKS misled investors about revenue expectations, potentially exposing the company to financial and reputational risks.
The lawsuit directly targets SWKS, alleging securities fraud during a specific period. The significant stock price drop and potential legal consequences suggest negative short-term impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100