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Stock Market Today, Feb. 9: Kyndryl Share Price Halved After Earnings Miss and Delayed Filing
The Motley Fool· 2026-02-09 22:26
Today, Feb. 9, 2026, investors confront a rare mix of accounting review, leadership shake-up, and legal scrutiny at this IT services giant.NYSE : KDKyndrylToday's Change( -54.87 %) $ -12.89Current Price$ 10.60Key Data PointsMarket Cap$5.4BDay's Range$ 10.11 - $ 11.4252wk Range$ 10.11 - $ 44.20Volume1.5MAvg Vol2.3MGross Margin21.50 %Kyndryl (KD 54.87%), an IT infrastructure and cloud services provider, closed Monday at $10.59, down 54.94%. The stock sold off after earnings and revenue missed estimates, an ac ...
Kyndryl Shares Collapse 56% After Company Delays Filing and Flags Control Weaknesses
Financial Modeling Prep· 2026-02-09 22:05
Core Viewpoint - Kyndryl's shares fell over 56% intra-day following the announcement of a delay in filing its December-quarter financial report due to material weaknesses in internal controls over financial reporting [1] Group 1: Financial Reporting Issues - The identified weaknesses in internal controls extend across the fiscal year ending March 2025 and the first two quarters of fiscal 2026 [2] - Kyndryl stated that it does not expect any impact on its balance sheets, income statements, cash flow statements, or equity statements despite the identified issues [2] Group 2: Executive Changes - Kyndryl announced several executive changes, including the departure of Chief Financial Officer David Wyshner and the appointment of Harsh Chugh as interim CFO [3] - Global Controller Vineet Khurana also stepped down, with Bhavna Doegar appointed as interim corporate controller [3] Group 3: Revenue Outlook - Kyndryl released its third-quarter results and lowered its revenue outlook for fiscal 2026 [4]
KD ALERT: Investigation Launched into Kyndryl Holdings, Inc., RGRD Law Attorneys Encourage Investors and Potential Witnesses to Contact Law Firm
Globenewswire· 2026-02-09 21:46
SAN DIEGO, Feb. 09, 2026 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP is investigating potential violations of U.S. federal securities laws involving Kyndryl Holdings, Inc. (NYSE: KD). If you have information that could assist in the Kyndryl investigation or if you are a Kyndryl investor who suffered a loss and would like to learn more, you can provide your information here: https://www.rgrdlaw.com/cases-kyndryl-holdings-inc-investigation-kd.html You can also contact attorney J.C. Sanchez of Robbins ...
INVESTOR NOTICE: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Kyndryl Holdings
Globenewswire· 2026-02-09 21:36
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Significant Losses In Kyndryl Holdings To Contact Him Directly To Discuss Their Options If you suffered significant losses in Kyndryl stock or options and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information] NEW YORK, Feb. 09, 2026 (GLOBE NEWSWIRE) -- Faruqi & Faruqi, L ...
Ademi LLP Investigates Claims of Securities Fraud against Kyndryl Holdings, Inc.
Prnewswire· 2026-02-09 21:12
MILWAUKEE, Feb. 9, 2026 /PRNewswire/ -- Ademi LLP is investigating possible securities fraud claims against Kyndryl (NYSE: KD). The investigation results from inaccurate statements Kyndryl may have made regarding its financial statements, business operations and prospects. Click here to join our investigation or to obtain additional information, or contact us at [email protected] or toll-free: 866-264-3995. There is no cost or obligation to you. The investigation focuses on whether Kyndryl's cash-managemen ...
Kyndryl Holdings, Inc. (NYSE: KD) Financial Performance Analysis
Financial Modeling Prep· 2026-02-09 21:00
Core Insights - Kyndryl Holdings, Inc. reported a revenue increase of 3.1% year-over-year, but its earnings per share (EPS) of $0.52 fell short of the expected $0.60, resulting in a negative EPS surprise of -12.85% [1][5] - The company's revenue for the quarter was $3.86 billion, slightly below the Zacks Consensus Estimate of $3.91 billion, leading to a revenue surprise of -1.38% [2] - Kyndryl has only surpassed consensus revenue estimates once in the last four quarters, indicating ongoing challenges in meeting market expectations [2] Financial Metrics - Kyndryl's price-to-earnings (P/E) ratio stands at 4.53, suggesting a low valuation relative to its earnings, while the price-to-sales ratio is 0.17, indicating a modest market valuation of its sales [3][5] - The enterprise value to sales ratio is 0.31, and the enterprise value to operating cash flow ratio is 7.80, providing insights into the company's valuation and cash flow efficiency [3] - The debt-to-equity ratio of 3.25 indicates a higher level of debt compared to equity, which may raise concerns for investors [4][5] Financial Stability - Kyndryl's current ratio of 1.07 suggests it has a slightly higher level of current assets compared to its current liabilities, indicating short-term financial stability [4][5] - Despite the challenges, Kyndryl remains committed to achieving its multi-year objectives and delivering innovative services for its customers, as emphasized by CEO Martin Schroeter [4]
Kyndryl Holdings (KD) Shares Crater Amid Late Filing, Abrupt CFO and GC Departures, SEC Investigation – Hagens Berman
Globenewswire· 2026-02-09 20:35
Core Viewpoint - Kyndryl Holdings, Inc. experienced a significant drop in share price, nearly 57%, following the announcement of delays in filing its quarterly report and the immediate departure of key executives, raising concerns about the company's financial practices and internal controls [1][5]. Group 1: Company Developments - Kyndryl announced it would not timely file its quarterly report for the quarter ended December 31, 2025, due to an ongoing review by its Audit Committee regarding cash management practices and internal controls [4]. - The company revealed it received document requests from the SEC's Division of Enforcement related to the matters under review by the Audit Committee [4]. - The CFO David Wyshner and General Counsel Edward Sebold departed effective February 5, 2026, alongside the comptroller Vineet Khurana, who stepped down while assuming another position [5]. Group 2: Market Reaction - Following the announcements, Kyndryl's share price fell nearly 57% in a single trading day, resulting in a loss of over $3 billion in market capitalization [1][5]. - The severe market reaction has prompted Hagens Berman, a national shareholder rights law firm, to investigate whether Kyndryl misled investors regarding its financial statements and internal controls [2][6]. Group 3: Legal Implications - Hagens Berman is investigating the potential misleading of investors concerning Kyndryl's cash management practices, particularly in light of the company's previous emphasis on strong free cash flow conversion [3][6]. - The firm is urging Kyndryl investors who suffered significant losses to contact them to discuss their rights [2].
KD FRAUD ALERT: Kyndryl Holdings, Inc. 53% Stock Drop after Accounting Review and CFO Exit Trigger Securities Fraud Investigation by BFA Law
Globenewswire· 2026-02-09 20:08
NEW YORK, Feb. 09, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Kyndryl Holdings, Inc. (NYSE:KD) for potential violations of the federal securities laws. If you invested in Kyndryl, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/kyndryl-holdings-class-action-lawsuit. Why is Kyndryl Being Investigated for Violations of the Federal Securities Laws? Kyndryl is a provider of enterprise technology s ...
Securities Fraud Investigation Into Kyndryl Holdings, Inc. (KD) Announced – Shareholders Who Lost Money Urged To Contact Glancy Prongay Wolke & Rotter LLP, a Leading Securities Fraud Law Firm
Businesswire· 2026-02-09 20:00
LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay Wolke & Rotter LLP, a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Kyndryl Holdings, Inc. ("Kyndryl†or the "Company†) (NYSE: KD) investors concerning the Company's possible violations of the federal securities laws. IF YOU ARE AN INVESTOR WHO LOST MONEY ON KYNDRYL HOLDINGS, INC. (KD), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS. What Happened? O. ...
As Kyndryl Stock Plunges Into Deeply Oversold Territory, Should You Buy the Dip?
Yahoo Finance· 2026-02-09 19:43
Kyndryl (KD) shares crashed more than 50% this morning, after the IT infrastructure firm said the U.S. Securities and Exchange Commission (SEC) was looking into its financial reporting practices. On Monday, the company lowered its full-year guidance and announced a string of top-level ousters as well, which pushed KD’s relative strength index (RSI) into deeply oversold territory. At the time of writing, Kyndryl stock is down nearly 60% versus its year-to-date high. More News from Barchart www.barchart. ...