Investors can contact the law firm at no cost to learn more about recovering their losses
LOS ANGELES, April 28, 2025 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Skyworks Solutions, Inc. ("Skyworks" or the "Company") (NASDAQ: SWKS) Skyworks investors have until May 5, 2025 to file a lead plaintiff motion.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
The Skyworks class action lawsuit alleges that, during the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (i) defendants falsely represented that they had reliable information regarding Skyworks’ projected revenue outlook and anticipated growth, while downplaying risks associated with smartphone upgrade cycles and broader macroeconomic factors; (ii) Skyworks’ optimistic projections regarding growth, earnings potential, and anticipated margins were unrealistic, as they were overly dependent on the company’s relationship with its largest customer and the launch of that customer’s newest phone; and (iii) Skyworks lacked the operational capacity to achieve the growth it portrayed to investors.
The lawsuit further alleges that, on February 5, 2025, Skyworks announced its financial results for the first quarter of fiscal year 2025 and issued lower-than-expected revenue guidance for the second quarter, attributing the disappointing outlook to an increasingly competitive landscape. Following this news, the price of Skyworks stock declined by more than 24%, according to the complaint.
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The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
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