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MaxLinear, Inc.

Company NameMaxLinear, Inc.
Stock SymbolMXL

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.

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