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Contact The Gross Law Firm by May 5, 2025 Deadline to Join Class Action Against Skyworks Solutions, Inc.(SWKS)
SWKSSkyworks(SWKS) Prnewswire·2025-04-21 09:45

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Skyworks Solutions, Inc. regarding a class action lawsuit due to alleged misleading statements about the company's expected revenue for fiscal year 2025, leading to a significant drop in stock price following disappointing financial results [1][2]. Group 1: Allegations and Financial Impact - The allegations state that defendants provided investors with material information about Skyworks' expected revenue, expressing confidence in the company's mobile business expansion and investment in new technologies [1]. - On February 5, 2025, Skyworks announced lower-than-expected revenue guidance for Q2 FY2025, attributing this to an intensified competitive landscape, resulting in a stock price decline from $87.08 to $65.60, a drop of over 24% in one day [1]. Group 2: Class Action Details - The class period for the lawsuit is from July 30, 2024, to February 5, 2025, and shareholders are encouraged to register for participation by May 5, 2025 [2]. - Registered shareholders will receive updates through portfolio monitoring software, and there is no cost or obligation to participate in the case [2]. Group 3: Law Firm's Mission - The Gross Law Firm aims to protect investors' rights against deceit, fraud, and illegal business practices, ensuring companies adhere to responsible business practices [3].