Sign In
Step 1
Unite with Fellow Investors
Step 2
Choose the Best Attorney
Step 3
Provide Documents
Step 4
Follow Case Progress
Step 5
Get Payout
ETWO.US
id: 957, Created by , Scout

E2open (ETWO) Failed Financial Performance Case

  • In October, E2open announced weak Q2 2023 results, a guidance cut, and the CEO's departure.
  • On it, $ETWO fell 50%, losing $667M+ shareholder value.
  • Investors may have grounds to suspect E2open of issuing misleading financial projections, which led to thier losses.
On October 10, 2023, E2open (ETWO) announced its Q2 2023 EPS falling 20% short of the analyst consensus estimate as well as a 20% fall in EPS compared to Q2 2022.
  • The Company also announced a $30M-$35M cut in projected revenue for full Y2023.
  • It further announced the departure of its CEO.
On this news, $ETWO fell 50.1% and lost over $667 million of its market capitalization, seriously damaging shareholders.

Considering all the information, investors might have grounds to suspect that E2open and its executives issued misleading financial projections, which consequently led to their losses.

The case is already under investigation by at least one of the reputable law firms.
Alleged Offence
Misleading Statements
Failure to Disclose
Omissions
Suspected Party
Directors
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
11 October 2023
Collecting participants…

E2open Parent Holdings Inc

E2open Parent Holdings, Inc. provides cloud-based and end-to-end supply chain management and orchestration SaaS platform in the Americas, Europe, and the Asia Pacific. Its software solutions orches...

    Ticker
    ETWO.US
    ISIN
    US29788T1034
    CIK
    1800347
    Sector
    Technology
    Industry
    Software - Application
    Country
    USA
    Address
    9600 Great Hills Trail, Austin, TX, United States, 78759