INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Manhattan Associates, Inc. of Class Action Lawsuit and Upcoming Deadlines - MANH
INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Manhattan Associates, Inc. of Class Action Lawsuit and Upcoming Deadlines - MANH |
| [27-February-2025] |
NEW YORK, Feb. 27, 2025 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Manhattan Associates ("Manhattan Associates" or the "Company") (NASDAQ: MANH). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
The class action concerns whether Manhattan Associates and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. You have until April 28, 2025 to ask the Court to appoint you as Lead Plaintiff for the class if you purchased or otherwise acquired Manhattan Associates securities during the Class Period. A copy of the Complaint can be obtained at www.pomerantzlaw.com. [Click here for information about joining the class action] On January 28, 2025, Manhattan Associates issued a press release reporting its financial results for the fourth quarter and full year 2024. Among other items, the Company disclosed services revenue of $119.5 million for the quarter, growing by only 0.3% compared to the year-ago quarter and falling approximately $2 million short of the guidance provided in October 2024. Manhattan Associates attributed the results to delays in professional services work and deferred deals, predicting that the Company's services revenue would reach a low point in the first quarter of 2025 and that solid revenue growth would not resume until mid-year. Manhattan Associates further revealed emerging challenges in its services business, noting that around 10% of customers with ongoing implementations had scaled back their planned services work for the upcoming calendar and fiscal year. The Company also announced that its 2025 revenues would see modest growth of just 2% to 3%, while GAAP EPS was expected to decline by 10% to 13%. On this news, Manhattan Associates' stock price fell $72.26 per share, or 24.49%, to close at $222.84 per share on January 29, 2025. Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT:
SOURCE Pomerantz LLP | ||
Company Codes: NASDAQ-NMS:MANH |
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