Need Help? Call : (310) 914-5007
Need Help? Call : (310) 914-5007
Los Angeles — The Law Offices of Frank R. Cruz announces an investigation of MaxLinear, Inc. (“MaxLinear” or the “Company”) (NASDAQ: MXL) on behalf of investors concerning the Company’s possible violations of federal securities laws.
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 as much as 27% during intraday trading on October 26, 2023, thereby injuring investors further.
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If you purchased MaxLinear securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
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.
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