Core Viewpoint - The Skyworks Solutions, Inc. class action lawsuit alleges that the company and its executives made misleading statements regarding the company's revenue outlook and growth potential, leading to significant stock price declines following disappointing financial results [3][4]. Group 1: Class Action Lawsuit Details - The class action lawsuit is titled Nunez v. Skyworks Solutions, Inc., and covers purchasers of Skyworks securities from July 30, 2024, to February 5, 2025 [1]. - Investors have until May 5, 2025, to seek appointment as lead plaintiff in the lawsuit [1]. - The lawsuit claims that Skyworks executives created a false impression of reliable revenue projections while downplaying risks associated with market fluctuations and smartphone upgrade cycles [3]. Group 2: Financial Performance and Impact - On February 5, 2025, Skyworks announced its Q1 fiscal year 2025 results and provided lower-than-expected revenue guidance for Q2, citing an intensified competitive landscape [4]. - Following this announcement, Skyworks' stock price fell by more than 24% [4]. Group 3: Legal Representation and Process - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased Skyworks securities during the class period to seek lead plaintiff status [5]. - The lead plaintiff will represent the interests of all class members and can choose a law firm for litigation [5]. Group 4: About Robbins Geller - Robbins Geller Rudman & Dowd LLP is a leading law firm specializing in securities fraud cases, having recovered $6.6 billion for investors in class action cases [6]. - The firm has been ranked 1 in securing monetary relief for investors in six out of the last ten years [6].
SWKS INVESTOR NOTICE: Robbins Geller Rudman & Dowd LLP Announces that Skyworks Solutions, Inc. Investors with Substantial Losses Have Opportunity to Lead Investor Class Action Lawsuit