ATLANTA, July 25, 2023 (GLOBE NEWSWIRE) -- Holzer & Holzer, LLC is investigating whether Masimo Corporation (“Masimo”?or the “Company”) (NASDAQ: MASI) complied with federal securities laws. On July 17, 2023, the Company announced preliminary revenue results for the second quarter ended July 1, 2023, revealing healthcare revenue that was lower than expected, attributing the results in part to “[l]arge orders that were anticipated for the second quarter were delayed to the second half of the year” and “[c]onversions of new customers who have contracted to switch to Masimo were less than expected due to labor shortages in hospitals, and our OEM partners not being able to provide the patient monitoring equipment needed to complete the installations in a timely manner.” Following this news, the price of the Company’s stock dropped.
If you purchased Masimo stock and suffered?a?loss on that investment, you are encouraged to contact Corey Holzer, Esq. cholzer@holzerlaw.com or Joshua Karr, Esq. at jkarr@holzerlaw.com , call our toll-free number at (888) 508-6832, or visit our website at www.holzerlaw.com/case/Masimo/ to discuss your legal rights.
Holzer & Holzer, LLC, an ISS top rated securities litigation law firm for 2021 and 2022, dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. Since its founding in 2000, Holzer & Holzer attorneys have played critical roles in recovering hundreds of millions of dollars for shareholders victimized by fraud and other corporate misconduct.?More information about the firm is available through its website, www.holzerlaw.com ,?and upon request from the firm. Holzer & Holzer, LLC has paid for the dissemination of this promotional communication, and Corey Holzer is the attorney responsible for its content.
CONTACT:
Corey Holzer, Esq.
(888) 508-6832 (toll-free)
cholzer@holzerlaw.com