Levi & Korsinsky Reminds Skyworks Solutions, Inc. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of May 5, 2025 - SWKS
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Levi & Korsinsky law firm has filed a class action securities lawsuit against Skyworks Solutions (SWKS) alleging securities fraud between July 30, 2024 and February 5, 2025. The lawsuit claims the company misled investors about its revenue expectations 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 | 3:00 pm
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The class action lawsuit alleges SWKS misrepresented its revenue expectations and growth potential, potentially exposing the company to significant legal and financial risks.
The lawsuit directly targets Skyworks Solutions, alleging securities fraud during a specific period. The significant stock price drop and potential legal damages could negatively impact investor sentiment and company valuation.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100