Synaptics slumps after CEO steps down, KeyBanc calls announcement ‘surprising’

Close up of a chair in empty conference room.

skynesher

Shares of Synaptics fell about 14% on Tuesday after the company said President and CEO Michael Hurlston stepped down to join Lumentum (LITE) in the same roles.

Synaptics also said it expects fiscal second-quarter revenue to be about $267M, compared to

Leave a Reply

Your email address will not be published. Required fields are marked *