StockNews.AI
AGYS
StockNews.AI
120 days

INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Agilysys, Inc. - AGYS

1. Pomerantz LLP is investigating potential securities fraud by Agilysys. 2. Agilysys announced Q3 revenue below expectations and revised guidance downwards. 3. CEO admitted to underestimating sales challenges affecting POS systems. 4. AGYS stock price fell by 20.04% following disappointing earnings results.

4m saved
Insight
Article

FAQ

Why Very Bearish?

The investigation raises significant concerns about corporate governance, likely undermining investor confidence. Historical precedents show that companies facing class-action suits often see prolonged negative effects on stock prices.

How important is it?

The potential for securities fraud claims directly threatens AGYS's valuation, increasing investor scrutiny. A class-action lawsuit from a reputable firm amplifies the risk of reputational damage.

Why Short Term?

Immediate market reactions to negative news generally affect stock prices quickly, causing volatile trading patterns. Similar cases demonstrate price recoveries often require extensive resolutions over long durations.

Related Companies

N/A
NEW YORK, April 21, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of  Agilysys, Inc. (“Agilysys” or the “Company”) (NASDAQ: AGYS).  Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980. The investigation concerns whether Agilysys and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.  [Click here for information about joining the class action] On January 21, 2025, Agilysys issued a press release announcing third quarter revenue that fell below both market expectations and the Company’s own guidance.  Agilysys also significantly revised its full-year 2025 revenue outlook downward.  During a related earnings call, Chief Executive Officer Ramesh Srinivasan admitted that management had “underestimated the sales challenges on the point-of-sale (POS) side of the equation,” adding that the year “could have been a lot better” and the Company “could have also done a lot better with the speed of hiring for the implementation services teams.”  On this news, Agilysys’s stock price fell $25.23 per share, or 20.04%, to close at $100.67 per share on January 22, 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. Danielle PeytonPomerantz LLPdpeyton@pomlaw.com646-581-9980 ext. 7980

Related News