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INVESTOR ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Manhattan Associates
Manhattan AssociatesManhattan Associates(US:MANH) GlobeNewswire News Room·2025-04-26 15:20

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, following a significant drop in stock price after the release of disappointing financial results [3][5][6]. Group 1: Legal Investigation - Faruqi & Faruqi, LLP is encouraging investors who suffered losses in Manhattan Associates to contact them for discussing legal options [1]. - The firm is reminding investors of the April 28, 2025 deadline to seek the role of lead plaintiff in a federal securities class action against Manhattan Associates [3]. - The firm is also seeking information from whistleblowers, former employees, and shareholders regarding Manhattan Associates' conduct [8]. Group 2: Financial Performance and Impact - On January 28, 2025, Manhattan Associates announced reduced revenue guidance for fiscal year 2025, attributing this to a shift in professional services work and higher partner utilization [6]. - Following the announcement, Manhattan Associates' stock price fell from $295.10 to $222.84, a decline of approximately 24.49% in one day [6]. - The complaint alleges that the company and its executives made misleading statements about their revenue forecasts and growth potential [5].