Levi & Korsinsky notifies investors that it has commenced an investigation into ePlus inc. (NASDAQ: PLUS) concerning potential violations of the federal securities laws.
On November 12, 2024, after months of reiterating guidance, ePlus published second quarter results lowering guidance. Management attributed the lowered guidance to “ratable and subscription revenue models and slower product sales.” Analysts responded to the news with lowered EPS estimates and price targets. Following this news, ePlus’ stock price fell 16% to close at $79.98 per share on November 13, 2024. On February 5, 2025, ePlus published third quarter results, once again lowering guidance. This time, ePlus management attributed the disappointing news to “lower product sales and a higher proportion of netted down product revenues.” Analysts quickly reacted to the news, lowering EPS estimates and price targets for ePlus. Following this news, ePlus’ stock price fell over 13% to close at $70.29 per share on February 6, 2025.
If you suffered a loss on your ePlus 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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