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MANH Investors Have Opportunity to Lead Manhattan Associates Securities Fraud Lawsuit with Faruqi & Faruqi, LLP
Prnewswire· 2025-04-03 20:40
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Manhattan Associates, Inc. due to allegations of false and misleading statements regarding the company's expected revenue for fiscal year 2025, which has led to significant investor losses [2][4]. Group 1: Legal Investigation and Class Action - Faruqi & Faruqi, LLP is encouraging investors who suffered losses exceeding $100,000 in Manhattan Associates between October 22, 2024, and January 28, 2025, to discuss their legal options [1]. - A federal securities class action has been filed against Manhattan Associates, with a deadline of April 28, 2025, for investors to seek the role of lead plaintiff [2][6]. - The firm has a history of recovering hundreds of millions of dollars for investors since its founding in 1995 [3]. Group 2: Allegations Against Manhattan Associates - The complaint alleges that Manhattan Associates and its executives violated federal securities laws by making false and misleading statements about the company's revenue expectations [4]. - Specific allegations include misleading confidence in the company's ability to forecast guidance amidst macroeconomic fluctuations and the growth potential of their professional services offerings [4]. Group 3: Financial Impact - On January 28, 2025, Manhattan Associates reported its financial results for Q4 and full fiscal year 2024, announcing reduced revenue guidance for fiscal year 2025 [5]. - The company attributed the reduced guidance to a shift in professional services work to future periods and higher partner utilization, leading to a dramatic stock price decline from $295.10 to $222.84, a drop of approximately 24.49% in one day [5].
INVESTOR ALERT: Shareholder Class Action Lawsuit Filed Against Manhattan Associates, Inc. (NASDAQ: MANH); DiCello Levitt LLP Encourages Investors with Losses to Discuss Their Options with Counsel
GlobeNewswire News Room· 2025-04-03 18:21
Core Viewpoint - A class action lawsuit has been filed against Manhattan Associates, Inc. for alleged violations of federal securities laws during the class period from October 22, 2024, to January 28, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that Manhattan and certain senior executives misled investors regarding the company's revenue outlook and growth potential while downplaying risks associated with seasonality and macroeconomic factors [5]. - The lawsuit was initiated on behalf of all individuals and entities that purchased Manhattan securities during the specified class period and suffered substantial losses [2][3]. - Investors have until April 28, 2025, to seek appointment as lead plaintiff in the class action lawsuit [2]. Group 2: Company Background - Manhattan Associates provides software solutions for supply chain management, inventory, and omnichannel operations, offering its applications through cloud and software-as-a-service models [4]. - The company assists customers in planning and implementing its solutions, indicating a focus on customer support and service [4]. Group 3: Financial Impact - The lawsuit alleges that the company's optimistic statements about its business fundamentals were misleading, as evidenced by a significant drop in stock price following the release of disappointing financial results on January 28, 2025 [5]. - Following the announcement of reduced revenue guidance for fiscal year 2025, Manhattan's stock price fell by $72.26 per share, approximately 25%, closing at $222.84 per share on January 29, 2025 [5].
Can Manhattan Associates (MANH) Climb 41.55% to Reach the Level Wall Street Analysts Expect?
ZACKS· 2025-04-02 15:00
Shares of Manhattan Associates (MANH) have gained 2% over the past four weeks to close the last trading session at $174.76, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $247.38 indicates a potential upside of 41.6%.The average comprises eight short-term price targets ranging from a low of $184 to a high of $285, with a standard deviation of $38.69. While the lowest estimate i ...
Faruqi & Faruqi Reminds Manhattan Associates Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of April 28, 2025 - MANH
GlobeNewswire News Room· 2025-03-26 20:04
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Manhattan Associates, Inc. due to allegations of false and misleading statements regarding the company's revenue expectations for fiscal year 2025, with a deadline for investors to seek lead plaintiff status in a federal securities class action by April 28, 2025 [2][4]. Group 1: Company Overview - Manhattan Associates, Inc. is publicly traded on NASDAQ under the ticker MANH [2]. - The company recently reported its financial results for the fourth quarter and full fiscal year 2024, announcing reduced revenue guidance for fiscal year 2025 [5]. Group 2: Allegations and Financial Impact - The complaint alleges that Manhattan Associates and its executives violated federal securities laws by making false statements about the company's revenue forecasts and growth potential [4]. - Following the announcement of reduced revenue guidance, Manhattan Associates' stock price fell from $295.10 per share on January 28, 2025, to $222.84 per share on January 29, 2025, marking a decline of approximately 24.49% in one day [5]. Group 3: Legal Proceedings - Investors who suffered losses exceeding $100,000 between October 22, 2024, and January 28, 2025, are encouraged to contact Faruqi & Faruqi to discuss their legal options [1]. - The role of lead plaintiff in the class action is open to any member of the putative class, with the lead plaintiff being the one with the largest financial interest [6].
MANH INVESTORS: Kirby McInerney LLP Reminds Manhattan Associates, Inc. Investors of Important Deadline and Encourages Investors to Contact the Firm
GlobeNewswire News Room· 2025-03-26 00:00
NEW YORK, March 25, 2025 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP reminds investors that a class action lawsuit has been filed in the U.S. District Court for the Northern District of Georgia on behalf of those who acquired Manhattan Associates, Inc. (“Manhattan” or the “Company”) (NASDAQ:MANH) securities during the period from October 22, 2024, through January 28, 2025 (“the Class Period”). Investors have until April 28, 2025, to apply to the Court to be appointed as lead plaintiff in the law ...
INVESTOR DEADLINE APPROACHING: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Manhattan Associates
Newsfilter· 2025-03-15 13:04
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Manhattan Associates, Inc. due to allegations of violations of federal securities laws related to misleading statements about the company's revenue expectations for fiscal year 2025 [2][4]. Group 1: Legal Investigation and Class Action - The law firm is encouraging investors who suffered losses in Manhattan Associates to contact them directly to discuss their legal options [1]. - There is an April 28, 2025 deadline for investors to seek the role of lead plaintiff in a federal securities class action against Manhattan Associates [2][6]. - The firm is also seeking information from whistleblowers, former employees, and shareholders regarding the company's conduct [7]. Group 2: Financial Performance and Stock Impact - On January 28, 2025, Manhattan Associates reported its financial results for Q4 and the full fiscal year 2024, along with a reduced revenue guidance for fiscal year 2025 [5]. - The company attributed its lowered guidance to a shift in professional services work and increased partner utilization, leading to a significant stock price drop from $295.10 to $222.84, a decline of approximately 24.49% in one day [5]. Group 3: Allegations of Misleading Statements - The complaint alleges that Manhattan Associates and its executives made false or misleading statements regarding the company's revenue forecasts and growth potential, particularly in professional services and cloud revenue [4].
Shareholder Rights Law Firm Robbins LLP Reminds MANH Investors that a Stockholder Filed a Class Action Alleging the Company Misled Investors Regarding its Growth Potential
GlobeNewswire News Room· 2025-03-12 00:10
SAN DIEGO, March 11, 2025 (GLOBE NEWSWIRE) -- Robbins LLP reminds stockholders that a class action was filed on behalf of investors who purchased or otherwise acquired Manhattan Associates, Inc. (NASDAQ: MANH) securities between October 22, 2024 and January 28, 2025. Manhattan Associates is a global company that develops, sells, deploys, services, and maintains software solutions for the purpose of assisting in the management of supply chains, inventory, and omnichannel operations for its customers. For mor ...
Shareholder Rights Law Firm Robbins LLP Reminds MANH Investors with Large Losses They Have an Opportunity to Lead the Class Action Against Manhattan Associates, Inc. - Contact Us Today
Prnewswire· 2025-03-10 04:37
Core Viewpoint - A class action has been filed against Manhattan Associates, Inc. for allegedly misleading investors about its growth potential and revenue forecasts during a specified period [1][2]. Group 1: Allegations and Financial Performance - The complaint alleges that during the class period, Manhattan Associates provided optimistic statements regarding its expected revenue for fiscal year 2025, including confidence in its forecasting ability and growth potential of professional services [2]. - Despite these positive assertions, the company purportedly failed to disclose its actual capability to deliver responsible growth targets, indicating a lack of preparedness to meet such expectations [2]. - On January 28, 2025, Manhattan Associates reported its fourth-quarter and full-year 2024 financial results, announcing a reduction in revenue guidance for fiscal year 2025, attributing this to a shift in professional services work and other operational challenges [3]. - Following the announcement, the stock price of Manhattan Associates fell from $295.10 per share to $222.84 per share, marking a decline of over 24% [3]. Group 2: Class Action Participation - Shareholders may be eligible to participate in the class action against Manhattan Associates, with a deadline to file as lead plaintiff by April 28, 2025 [4]. - A lead plaintiff represents the interests of other class members in the litigation, although participation is not required to be eligible for recovery [4]. Group 3: Company Background - Manhattan Associates, Inc. is a global company specializing in software solutions for supply chain management, inventory, and omnichannel operations [1].
Final Deadline for the Manhattan Associates, Inc. Securities Lawsuit - Contact the DJS Law Group to Discuss Your Rights - MANH
Prnewswire· 2025-02-28 18:45
LOS ANGELES, Feb. 28, 2025 /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against Manhattan Associates, Inc. ("Manhattan" or "the Company") (NASDAQ: MANH) for violations of the federal securities laws.Shareholders who purchased the Company's securities between October 22, 2024 and January 28, 2025, inclusive (the "Class Period"), are encouraged to contact the firm before April 28, 2025.CASE DETAILS: The Company allegedly made false and misleading statements to the market conce ...
INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Manhattan Associates, Inc. of Class Action Lawsuit and Upcoming Deadlines - MANH
Prnewswire· 2025-02-28 01:29
Core Viewpoint - A class action lawsuit has been filed against Manhattan Associates, alleging securities fraud and unlawful business practices [2][3]. Financial Performance - For Q4 2024, Manhattan Associates reported services revenue of $119.5 million, a growth of only 0.3% year-over-year, and approximately $2 million below the guidance provided in October 2024 [3]. - The company anticipates that services revenue will reach a low point in Q1 2025, with solid revenue growth expected to resume by mid-year [3]. - Manhattan Associates projects modest revenue growth of 2% to 3% for 2025, while GAAP EPS is expected to decline by 10% to 13% [3]. Market Reaction - Following the financial results announcement, Manhattan Associates' stock price fell by $72.26 per share, or 24.49%, closing at $222.84 per share on January 29, 2025 [4]. Customer Challenges - Approximately 10% of customers with ongoing implementations have scaled back their planned services work for the upcoming calendar and fiscal year, indicating emerging challenges in the services business [3].