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Stock impact report

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 Check Earnings Report
US:NASDAQ Investor Relations: ir.manh.com
Company Research 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 Show less Read more
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