|Company Name||MaxLinear, Inc.|
On July 26, 2023, MaxLinear announced its second quarter 2023 financial results, disclosing net revenue of $183.9 million, which was down 34% year-over-year.
On this news, MaxLinear’s stock price fell $11.45, or 33.7%, over two consecutive trading days, to close at $22.55 per share on July 27, 2023, thereby injuring investors.
Then, on October 25, 2023, MaxLinear announced its third quarter 2023 financial results, disclosing net revenue of $135.5 million, which was down 53% year-over-year. The company also provided disappointing revenue guidance for the fourth quarter of $115 million to $135 million.
On this news, MaxLinear’s stock price fell $4.04, or 22%, to close at $14.36 per share on October 26, 2023, thereby injuring investors further.
Submit Your Information
If you suffered a loss on your MaxLinear, Inc. investments or would like to inquire about joining an action to recover your loss under the federal securities laws, please complete the form below. Please note that submission of this form does not by itself form an attorney-client relationship nor does filing out this form mean you have joined any lawsuit.