NEW YORK, July 28, 2023 /PRNewswire/ -- Jakubowitz Law announces that an investigation into potential securities fraud allegations has commenced on behalf of shareholders of Masimo Corporation (NASDAQ: MASI)
To be contacted by a member of our team, fill out the form:
https://claimyourloss.com/securities/masimo-class-action-loss-submission-form/?id=42679&from=4
Further details on the investigation: On July 17, 2023, Masimo issued a press release announcing its preliminary revenue results for the second quarter of 2023. Masimo advised that it anticipates revenue of between $453 million and $457 million for the quarter, significantly less than the $540.87 million consensus estimate. Masimo attributed the lower-than-expected revenue to a drop in healthcare revenue caused by delays in large orders, falling single-patient use sensor sales, lower customer conversions and decreasing demand for its products from hospitals. On this news, Masimo's stock price fell sharply $29.43 per share, from $147.16 on July 17, 2023 to $117.73 on July 18, 2023.
Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.
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New York, New York 10036
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View original content:https://www.prnewswire.com/news-releases/masi-fraud-alert-jakubowitz-law-is-investigating-masimo-corporation-in-connection-with-potential-violations-of-federal-securities-laws-301887873.html
SOURCE Jakubowitz Law
