Levi & Korsinsky notifies investors that it has commenced an investigation into Agilysys, Inc. (NASDAQ: AGYS) concerning potential violations of the federal securities laws.
On January 21, 2025, after the market closed, Agilysys issued a press release announcing third quarter revenue below expectations and the company’s own guidance, resulting in a significant revision to Agilysys’ FY25 revenue guidance. CEO Srinivasan admitted they “underestimated the sales challenges on the point-of-sale POS side of the equation,” that the year “could have been a lot better,” and that they “could have also done a lot better with the speed of hiring for the implementation services teams.” Following this news, on January 22, 2024, Agilysys’ stock price fell by $25.23 per share to close at $100.67 per share.
If you suffered a loss on your Agilysys, Inc. securities and would like to explore a potential recovery under the federal securities laws, submit to us or contact Joseph E. Levi, Esq. via email at [email protected] or call 212-363-7500 to speak to our team of experienced shareholder advocates.
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