Core Viewpoint - A class action lawsuit has been initiated against Gartner, Inc. for allegedly making false and misleading statements regarding its contract value growth and consulting segment revenue outlook during the specified class period from February 4, 2026, to February 8, 2026 [1][3]. Group 1: Allegations of Misleading Statements - The lawsuit claims that Gartner's management created a false impression of reliable information regarding contract value (CV) growth potential and downplayed risks associated with seasonality and macroeconomic fluctuations [3]. - It is alleged that Gartner's executives suggested an improving environment for "tariff impacted companies," which would lead to continued CV growth, despite evidence to the contrary [3]. - The lawsuit further asserts that while tariff impacts were easing, Gartner's non-federal CV growth was actually declining, contradicting the company's optimistic projections [3]. Group 2: Financial Performance and Stock Impact - On August 5, 2025, Gartner reported a decline in overall CV growth from 7% to 5% and a drop in ex-federal CV growth from 8% to 6%, leading to a stock price decrease of over 27% [4]. - On February 3, 2026, Gartner announced a further decline in CV growth by an additional 2%, including and excluding federal contracts, and revealed a significant shortfall in its Consulting segment's performance, resulting in a nearly 21% drop in stock price [5]. Group 3: Legal Representation and Investor Rights - The Portnoy Law Firm is representing investors in this class action, offering complimentary case evaluations and discussing options for pursuing claims to recover losses [2][6]. - Investors have until May 18, 2026, to file a lead plaintiff motion in the class action lawsuit [1].
Portnoy Law Firm Announces Class Action on Behalf of Gartner, Inc. Investors