Vicor Corp.
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.
We also encourage you to contact Lesley F. Portnoy of The Portnoy Law Firm, at 310.692.8883, to discuss your rights free of charge. You can also reach us through the firm’s website at www.portnoylaw.com, or by email at info@portnoylaw.com.
If you choose to take no action, you can remain an absent class member.
Joining the case through the Portnoy Law website enables investors to learn about their legal claims and take an active role in recovering their losses.
The Portnoy Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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
Vicor and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On February 22, 2024, despite the Company’s prior statements regarding increased opportunities including a significant deal with Nvidia for its H100 product, the Company disclosed disappointing financial news including a 12.2% decrease in revenues for the fourth quarter ended December 31, 2023, a decrease in gross margin to $47.3 million for the fourth quarter of 2023, compared to $49.1 million for the corresponding period a year ago, and a 47.2% decrease in backlog from $304.4 million to $160.8 million.
On this news, the price of Vicor’s shares fell from $46.84 per share on February 22, 2024, to $35.87 per share on February 23, 2024.
