Levi & Korsinsky Investigates Manhattan Associates: Disappointing Earnings and Fiscal 2025 Guidance Raise Concerns
New York, NY – In an unexpected turn of events, Levi & Korsinsky, a prominent securities law firm, has announced the initiation of an investigation into Manhattan Associates, Inc. (MANH) following the release of the company’s disappointing fourth-quarter fiscal 2024 results and revised fiscal 2025 guidance.
Manhattan Associates’ Disappointing Fourth-Quarter Results
On January 28, 2025, Manhattan Associates disclosed its fourth-quarter fiscal 2024 financial performance after the market closed. The results fell short of expectations, causing a significant drop in the company’s stock price. The company reported earnings per share (EPS) of $0.74, missing analysts’ consensus estimate of $0.80. Moreover, the company’s revenue of $612.8 million was below the projected $624.9 million. These disappointing figures raised concerns among investors.
Fiscal 2025 Guidance: A Significant Demand Slowdown
Adding to the concerns, Manhattan Associates issued revised fiscal 2025 guidance that fell well below expectations. The company now anticipates revenue growth of just 2.2%, compared to the previously projected 12.3% growth. This significant decrease in growth suggests a demand slowdown, which has raised red flags for investors.
Implications for Investors
The investigation by Levi & Korsinsky could potentially lead to securities class action lawsuits against Manhattan Associates on behalf of shareholders who purchased the company’s securities between certain dates. These investors may be eligible to recover their losses if it is determined that Manhattan Associates violated federal securities laws.
Global Impact
The investigation and disappointing financial results of Manhattan Associates could have broader implications for the technology sector and the market as a whole. Manhattan Associates is a leading provider of supply chain management and omnichannel commerce solutions. Its financial performance could serve as an indicator of broader trends in the technology sector and the economy as a whole. Furthermore, if it is determined that Manhattan Associates violated securities laws, it could lead to increased scrutiny of other technology companies and their financial reporting practices.
- Investors in Manhattan Associates who purchased the company’s securities between certain dates may be eligible to recover their losses.
- The investigation could lead to securities class action lawsuits against Manhattan Associates.
- Manhattan Associates’ financial performance could serve as an indicator of broader trends in the technology sector and the economy.
- Increased scrutiny of other technology companies’ financial reporting practices could result from the investigation.
Conclusion
The initiation of an investigation by Levi & Korsinsky into Manhattan Associates following the release of disappointing fourth-quarter results and revised fiscal 2025 guidance raises concerns about potential securities law violations. The implications of these developments extend beyond Manhattan Associates, potentially impacting the technology sector and the market as a whole. Investors should closely monitor developments related to this investigation and the financial performance of technology companies more broadly.
As always, it’s important to remember that every situation is unique, and past performance is not indicative of future results. If you have any questions or concerns about your investment in Manhattan Associates or any other securities, please do not hesitate to contact Levi & Korsinsky.
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