Skyworks Solutions, Inc. Sued for Securities Law Violations - Contact Levi & Korsinsky Before May 5, 2025 to Discuss Your Rights - SWKS
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Skyworks Solutions (SWKS) is being sued in a class action securities lawsuit alleging securities fraud between July 30, 2024 and February 5, 2025. The lawsuit claims the company misled investors about its revenue expectations. After announcing lower-than-anticipated Q1 fiscal year 2025 results and guidance, SWKS stock dropped over 24% in a single day, from $87.08 to $65.60 per share.
March 25, 2025 | 8:45 pm
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NEGATIVE IMPACT
The class action lawsuit could potentially impact Skyworks' financial standing and investor confidence, alleging misleading statements about revenue expectations and business growth.
The lawsuit alleges securities fraud during a specific period, which could lead to financial penalties, legal costs, and potential damage to investor trust. The significant stock price drop suggests market skepticism about the company's previous statements.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100