Symbotic (SYM)

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SYM INVESTOR ALERT: Robbins Geller Rudman & Dowd LLP Announces that Symbotic Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
GlobeNewswire News Room· 2024-08-18 14:22
SAN DIEGO, Aug. 18, 2024 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Symbotic Inc. (NASDAQ: SYM) securities between May 6, 2024 and July 29, 2024, both dates inclusive (the "Class Period"), have until October 15, 2024 to seek appointment as lead plaintiff of the Symbotic class action lawsuit. Captioned Fox v. Symbotic Inc., No. 24-cv-12090 (D. Mass.), the Symbotic class action lawsuit charges Symbotic and certain of Symbotic's top executives with violations ...
Stockholder Alert: Robbins LLP Informs Symbotic Inc. Stockholders of the Class Action Against SYM
GlobeNewswire News Room· 2024-08-17 00:21
SAN DIEGO, Aug. 16, 2024 (GLOBE NEWSWIRE) -- Robbins LLP informs investors that a shareholder filed a class action on behalf of all persons and entities that purchased or otherwise acquired Symbotic Inc. (NASDAQ: SYM) securities between May 6, 2024 and July 29, 2024. SYM develops, implements, and operates end-to-end supply chain automation technology in the United States and Canada. For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003. The Allegations: Ro ...
Levi & Korsinsky Reminds Symbotic Inc. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of October 15, 2024 - SYM
Prnewswire· 2024-08-16 09:45
NEW YORK, Aug. 16, 2024 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Symbotic Inc. ("Symbotic" or the "Company") (NASDAQ: SYM) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Symbotic investors who were adversely affected by alleged securities fraud between May 6, 2024 and July 29, 2024. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/symbotic-lawsuit-submission-form?prid=9 ...
SYMBOTIC ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against Symbotic Inc. and Encourages Investors to Contact the Firm
GlobeNewswire News Room· 2024-08-16 01:00
NEW YORK, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against Symbotic Inc. ("Symbotic" or the "Company") (NASDAQ: SYM) in the United States District Court for the District of Massachusetts on behalf of all persons and entities who purchased or otherwise acquired Symbotic securities between May 6, 2024, and July 29, 2024, both dates inclusive (the "Class Period"). Investors have until ...
Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Symbotic Inc. (SYM)
GlobeNewswire News Room· 2024-08-15 18:35
NEW YORK, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the District of Minnesota on behalf of all persons or entities who purchased or otherwise acquired Symbotic Inc. ("SYM" or the "Company") (NASDAQ: SYM) securities between May 6, 2024 and July 29, 2024, inclusive (the "Class Period"). The lawsuit seeks to recover damages for the Company's investors under the federal securities laws. The ...
SHAREHOLDER ALERT: Class Action Lawsuit Filed on Behalf of Symbotic Inc. (SYM) Investors – Holzer & Holzer, LLC Encourages Investors With Significant Losses to Contact the Firm
GlobeNewswire News Room· 2024-08-15 14:48
ATLANTA, Aug. 15, 2024 (GLOBE NEWSWIRE) -- A shareholder class action lawsuit has been filed against Symbotic Inc. ("Symbotic" or the "Company") (NASDAQ: SYM). The lawsuit alleges that Defendants created the false impression that they possessed reliable information pertaining to the Company's projected earnings outlook and anticipated growth while also minimizing risk from seasonality and macroeconomic fluctuations, which caused shareholders to purchase Symbotic's securities at artificially inflated prices. ...
SYM INVESTOR ALERT: Robbins Geller Rudman & Dowd LLP Announces that Symbotic Inc. Investors with Substantial Losses Have Opportunity to Lead the Symbotic Class Action Lawsuit
GlobeNewswire News Room· 2024-08-14 22:43
SAN DIEGO, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Symbotic Inc. (NASDAQ: SYM) securities between May 6, 2024 and July 29, 2024, inclusive (the "Class Period"), have until October 15, 2024 to seek appointment as lead plaintiff of the Symbotic class action lawsuit. Captioned Fox v. Symbotic Inc., No. 24-cv-12090 (D. Mass.), the Symbotic class action lawsuit charges Symbotic and certain of Symbotic's top executives with violations of the Sec ...
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors It Has Filed a Complaint to Recover Losses Suffered by Purchasers of Symbotic Inc. Securities and Sets a Lead Plaintiff Deadline of October 15, 2024
GlobeNewswire News Room· 2024-08-14 21:46
NEW YORK, Aug. 14, 2024 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP: To: All persons or entities who purchased or otherwise acquired securities of Symbotic Inc. ("Symbotic" or the "Company") (NASDAQ: SYM) between May 06, 2024 - Jul 29, 2024, both dates inclusive. You are hereby notified that the class action lawsuit Virginia L. Fox v. Symbotic Inc., et al. (Case No. 1:24-cv-12090) has been commenced in the United States District Court for the District of Massachusett ...
Symbotic Stock Upgrade: A Speculative Buy Opportunity For Bold Investors
Seeking Alpha· 2024-08-04 13:00
Core Viewpoint - Symbotic Inc (SYM) is considered a high-risk investment, but its recent stock decline has made its valuation more reasonable, prompting an upgrade to a buy for speculative investors [1][27]. Company Overview - Symbotic was founded in 2016 to enhance operational efficiencies in modern warehouses and reduce costs [3]. - The company held its 2024 Investor Day on May 9, 2024, where CEO Rick Cohen discussed the company's growth and future plans [2][3]. Financial Performance - Symbotic's sales grew from $252 million at the end of fiscal 2021 to $1.18 billion at the end of fiscal 2023, with expectations of reaching $1.75 billion by the end of fiscal 2024 [6]. - The company reported a revenue growth of 58% year-over-year in the third quarter of FY 2024, but projected a slowdown to 18.6% growth in the fourth quarter [7][12]. - The gross margin fell to 13.70%, a decline of 325 basis points from the previous year, primarily due to increased system costs and elongated construction schedules [10][11]. Operational Challenges - The company faced execution issues and construction delays that impacted the deployment of its warehouse automation systems [7][10]. - CFO Carol Hibbard indicated that the company had stabilized the pace of system deployment starts, with a reacceleration expected in the third quarter [7][12]. Market Position and Valuation - Symbotic has a backlog of $22.8 billion, indicating strong demand for its solutions [7]. - The company's price-to-sales (P/S) ratio is currently 1.303, significantly below its three-year median of 1.923, suggesting potential undervaluation [18]. - Analysts forecast significant EPS growth for fiscal years 2025 and 2026, indicating that the market may undervalue the stock's growth potential [19]. Future Outlook - CEO Cohen expressed optimism about the company's growth trajectory, stating that the current year would be the slowest for the next 50 years [6]. - The company plans to add one to two customers annually and expects to deploy more systems, which could significantly increase its operational footprint [5][6].
Symbotic Stock Plunges 23.5% due to the AI-Powered Robot Maker's Guidance for Revenue Growth to Slow
The Motley Fool· 2024-07-30 21:33
Shares of Symbotic (SYM -23.52%), which makes artificial intelligence (AI)-enabled robotics technology for supply chains, plunged 23.5% on Tuesday, following the company's release on the prior afternoon of its report for the third quarter of fiscal 2024 (ended June 29). Another contributing factor was likely fiscal Q3's earnings missing the analyst-consensus estimate. On the positive side, the quarter's revenue sped by Wall Street's expectation. | --- | --- | --- | --- | |-------------------------------|--- ...