Investigation announced for Investors in shares of Sanmina Corporation (NASDAQ: SANM)

An investigation was announced over potential securities laws violations by Sanmina Corporation in connection with certain financial statements.

Investors who purchased shares of Sanmina Corporation (NASDAQ: SANM), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on whether a series of statements by Sanmina Corporation regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

San Jose, CA based Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services worldwide. Sanmina Corporation reported that its Total Revenue rose from over $6.75 billion for the 12 months period that ended on September 30, 2021, to $7.89 billion for the 12 months period that ended on September 30, 2022, and that its Net Income over those respective time periods declined from $268.99 million to $256.12 million.

On May 11, 2023, Sanmina Corporation announced that investors should no longer rely on its financial statements for the fiscal years ended Oct. 3, 2020, Oct. 2, 2021, and Oct. 1, 2022, and for the quarterly periods included in such fiscal years as well as for the quarter ended Dec. 31, 2022. Sanmina Corporation reported that it materially overstated revenues by millions of dollars within its Components, Products, and Services division.

Shares of Sanmina Corporation (NASDAQ: SANM) declined from $68.33 per share in December 2022 to $49.07 per share on May 12, 2023.

Those who purchased shares of Sanmina Corporation (NASDAQ: SANM) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.