On May 29, 2024, UiPath announced the sudden departure of CEO Robert Enslin. On the same day, UiPath announced disappointing first quarter 2025 financial results and significantly cut its full year 2025 revenue guidance by 10%, or $150 million. The Company attributed the poor results and guidance to several factors related to its failed turnaround strategy, including an inadequate execution strategy to scale the Company's AIpowered growth products to reach their full potential. Additionally, UiPath reported ...

PHILADELPHIA, July 17, 2024 (GLOBE NEWSWIRE) -- Nationally recognized law firm Berger Montague PC informs investors that a lawsuit was filed against UiPath, Inc. ("UiPath" or the "Company") (NYSE: PATH) on behalf of purchasers of UiPath securities between December 1, 2023 and May 29, 2024, inclusive (the "Class Period"). CLICK HERE to learn more about the lawsuit. According to the complaint, throughout the Class Period, the defendants made materially false and misleading statements concerning UiPath's turna ...

NEW YORK, July 17, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of UiPath, Inc. (NYSE: PATH). CLASS PERIOD: December 1, 2023 to May 29, 2024 WHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and e ...

Nvidia has benefited so profoundly from artificial intelligence (AI), both in terms of its share price appreciation and financial performance, that Goldman Sachs says the chipmaker alone has defined the first phase of the nascent AI boom. Forecasts from Wall Street analysts imply colossal gains for shareholders of UiPath and Tesla. However, AI tailwinds will eventually penetrate every sector and industry, and Goldman believes software and IT services companies may be best positioned to benefit in the long r ...

Analysts don't seem optimistic about its chances -- they expect UiPath's revenue to only grow at a CAGR of 10% from fiscal 2024 to fiscal 2027. They also expect it to stay unprofitable on a generally accepted accounting principles (GAAP) basis. UiPath's revenue growth stabilized in fiscal 2023 and fiscal 2024, and its adjusted operating margins expanded as it undertook layoffs and other cost-cutting measures. At the end of fiscal 2024, UiPath impressed the bulls by predicting its revenue would rise 19% in f ...

UiPath (PATH) closed at $12.70 in the latest trading session, marking a +1.84% move from the prior day. The stock exceeded the S&P 500, which registered a gain of 0.64% for the day. On the other hand, the Dow registered a gain of 1.85%, and the technology-centric Nasdaq increased by 0.2%. Investors will be eagerly watching for the performance of UiPath in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.03, showcasing a 66.67% downward movement from the corresponding quarte ...

RADNOR, Pa., July 16, 2024 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed in the United States District Court for the Southern District of New York against UiPath, Inc. ("UiPath") (NYSE: PATH). The action charges UiPath with violations of the federal securities laws, including omissions and fraudulent misrepresentations relating to the company's business, operations, and prospects. As a result of UiPat ...

https://zlk.com/pslra-1/uipath-lawsuit-submission-form-2?prid=90745&wire=3 CASE DETAILS: According to the complaint, it alleges that throughout the Class Period, defendants made materially false and misleading statements concerning the success of UiPath's turnaround strategy. For instance, defendants represented that the Company was "executing against that strategy, and we're seeing [the] results in the deal quality and the customer quality," asserted that "our strategic investments in innovations and our g ...

NEW YORK, July 16, 2024 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces it has filed a lawsuit against UiPath, Inc. ("UiPath" or the "Company") (NYSE:PATH) and certain of the Company's senior executives. Investors have until August 19, 2024 to ask the Court to be appointed to lead the case. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in UiPath securities between December 1, 2023 and the close o ...

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