New York, New York–(Newsfile Corp. – December 27, 2024)- BECAUSE: Rosen Law Firm, a global investor rights law firm, announces an investigation into potential securities claims on behalf of shareholders of Silvaco Group, Inc. (NASDAQ: SVCO) resulting from allegations that Silvaco may have issued information commercial materially misleading to the investing public.
SO WHAT: If you purchased Silvaco securities, you may be entitled to compensation without payment of any out-of-pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action lawsuit to recover investors’ losses.
WHAT TO DO NEXT: To join the potential class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=32199 or call Phillip Kim, Esq. Toll-free at 866-767-3653 or email case@ rosenlegal.com for information about the class action lawsuit.
WHAT IS THIS ABOUT? On October 15, 2024, Silvaco issued a press release titled “Silvaco Announces Unaudited Preliminary Revenue for the Third Quarter and Updates for the Full Year 2024.” In this press release, Silvaco provided updated full-year guidance of $60 million to $63 million in revenue, down from previous guidance of $63 million to $66 million in revenue. Silvaco also provided updated guidance of 10% to 16% year-over-year growth, which was reduced from the projected 16% to 22% year-over-year growth.
On this news, Silvaco common shares fell 32.6% on October 16, 2024.
WHY ROSENADA LAW: We encourage investors to select qualified attorneys with a track record of success in leadership roles. Often, companies issuing notices do not have comparable experience, resources or any significant recognition from their peers. Many of these companies do not actually litigate securities class actions. Be cautious when selecting an attorney. Rosen Law Firm represents investors throughout the world and concentrates its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest securities class action settlement against a Chinese company at that time. Rosen Law Firm Ranked No. 1 by ISS Securities Class Action (WA:) Services for several securities class action settlements in 2017. The company has ranked in the top four every year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone, the company earned more than $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of the Plaintiffs’ College. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
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