NEW YORK, May 28, 2023 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors of E2open Parent Holdings, Inc. (“E2open” or the “Company”) ETW. Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, extension 7980.
The investigation concerns whether E2open and certain of its officers and/or directors have engaged in securities fraud or other illegal business practices.
[Click here for information about joining the class action]
On May 1, 2023, E2open announced its financial results for the fourth quarter and full year of fiscal 2023. Among other things, E2open reported a 6.6% decline in SaaS revenue in the fourth quarter compared to the same period last year. The company also provided fiscal 2024 revenue guidance in the range of $545 million to $555 million, well below consensus estimates. After the announcement of E2open, several rating agencies downgraded the company.
As a result of this news, E2open’s share price fell $1.83 per share, or 29.33%, to close at $4.41 per share on May 2, 2023.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris and Tel Aviv, is recognized as one of the leading law firms specializing in corporate, securities and antitrust litigation. Pomerantz was founded by the late Abraham L. Pomerantz, Dean of the Class Bar Association, and pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues the tradition he founded and fights for the rights of victims of securities fraud, fiduciary breaches and corporate wrongdoing. The company has filed numerous multimillion-dollar claims on behalf of class members. See www.pomlaw.com.
CONTACT:
Robert S Willoughby
Pomerantz LLP
888-476-6529 ext. 7980
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