Skyworks(SWKS) Prnewswire·2025-03-20 09:45Core 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 stock price decline after disappointing financial results were announced [1]. Group 1: Allegations and Financial Impact - The allegations state that defendants provided investors with optimistic information about Skyworks' revenue expectations and growth potential in the mobile business [1]. - On February 5, 2025, Skyworks announced lower-than-expected revenue guidance for Q2 FY2025, attributing this to an intensified competitive landscape [1]. - Following the announcement, Skyworks' stock price plummeted from 65.60 per share, a decline of over 24% in one day [1]. Group 2: Class Action Details - The class period for the lawsuit is defined as July 30, 2024, to February 5, 2025, and shareholders are encouraged to register for participation [2]. - The deadline for shareholders to seek lead plaintiff status is May 5, 2025, 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 and fraud, ensuring companies adhere to responsible business practices [3]. - The firm seeks recovery for investors who suffered losses due to misleading statements or omissions that artificially inflated stock prices [3].