Skyworks(SWKS) Prnewswire·2025-04-25 19:55Core Viewpoint - A class action lawsuit has been initiated against Skyworks Solutions, Inc. due to allegations of misleading investors regarding the company's expected revenue and business prospects during a specified period [1][2]. Group 1: Lawsuit Details - The class period for the lawsuit spans from August 8, 2023, to February 5, 2025, during which investors are claimed to have been provided with material information about Skyworks' expected revenue for fiscal year 2025 [2]. - The lawsuit alleges that the defendants expressed confidence in Skyworks' ability to grow its mobile business and diversify its offerings through new technology investments [2]. Group 2: Financial Performance - On February 5, 2025, Skyworks reported its financial results for Q1 of fiscal year 2025 and issued lower-than-expected revenue guidance for Q2, attributing this to an intensified competitive landscape [3]. - Following the announcement, Skyworks' stock price plummeted from 65.60 per share on February 6, 2025, marking a decline of over 24% in just one day [3]. Group 3: Legal Process - Investors who suffered losses in Skyworks securities have until May 5, 2025, to request appointment as lead plaintiff in the lawsuit, although participation in any recovery does not require serving as lead plaintiff [4]. Group 4: Law Firm Background - Levi & Korsinsky, the law firm handling the case, has a history of securing significant settlements for shareholders and is recognized as one of the top securities litigation firms in the United States [5].