Manhattan Associates' growing supply chain problem: Slow-closing software deals [Yahoo! Finance]
Manhattan Associates, Inc. (MANH)
Last manhattan associates, inc. earnings: 4/21 04:05 pm
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Source: Yahoo! Finance
stock of recently high-flying supply chain software provider Manhattan Associates fell hard Wednesday, a day after the earnings release and management's call with analysts. What appeared to be driving the sell-off were statements by company officials on the call that closing deals for Manhattan's software offerings, which are focused on warehouse management, transportation management and inventory, has been slowing, with some third-quarter business pushed off into the current three-month period. The problem is not unique to Manhattan Associates. Management for supply chain software provider e2open (NASDAQ: ETWO) said much the same thing on its recent earnings call. At about 2:15 p.m. EDT, Manhattan Associates' (NASDAQ: MANH) stock was down 7.13% to $271.46, a drop of $20.86. It was one of the largest declines in equity markets Wednesday. Stock has been strong The stock has been a high performer of late. Even with the decline Wednesday, it's up about 20.8% in the past three m
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MANH
News
- Manhattan Associates, Inc. (NASDAQ: MANH) had its price target raised by analysts at Citigroup Inc. from $287.00 to $306.00. They now have a "neutral" rating on the stock.MarketBeat
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- Lamps Plus Partners with Manhattan to Improve Demand Forecasting, Inventory Accuracy [Yahoo! Finance]Yahoo! Finance
- Lamps Plus Partners with Manhattan to Improve Demand Forecasting, Inventory AccuracyBusiness Wire
MANH
Earnings
- 10/22/24 - Beat
MANH
Sec Filings
- 12/4/24 - Form 144
- 12/3/24 - Form 4
- 11/29/24 - Form 4
- MANH's page on the SEC website