Masimo
Investors that purchased the Company’s securities and have suffered a loss, please fill in transaction information below, or email to info@portnoylaw.com.
There is no cost or obligation associated with submitting your information. If you are a shareholder who suffered a loss, please submit your contact information and purchase information to participate in the putative class action.
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CONTACT:
Portnoy Law Firm
Lesley F. Portnoy, Esq.,
www.portnoylaw.com
Office: 310.692.8883
1800 Century Park East, Suite 600
Los Angeles, CA 90067
info@portnoylaw.com
On July 17, 2023, Masimo, a company, released its preliminary revenue results for the second quarter of 2023. They projected their revenue to be between $453 million and $457 million, which is significantly lower than the estimated $540.87 million. The decrease in revenue was attributed to various factors, including delays in large orders, declining sales of single-patient use sensors, reduced customer conversions, and a decrease in demand for their products from hospitals.
As a consequence of this announcement, Masimo’s stock price experienced a sharp decline from $147.16 per share on July 17, 2023, to $117.73 per share on July 18, 2023. The stock fell by $29.43 per share in response to the lower-than-expected revenue forecast.
