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The filed complaint alleges that Concentrix Corporation made materially false and/or misleading statements and/or failed to disclose that: Concentrix reported Q2 2026 revenue and EPS below the figures analysts had anticipated. On the same day, the company similarly disclosed a cut to its full-year 2026 guidance: revenue was reduced from a midpoint of 10.11 billion to a range of9.93-10.03 billion,and non-GAAP EPS was reduced from11.48-12.07 to10.83-$11.18. The company cited off-shoring headwinds representing an approximately 300 basis point drag as the primary reason for the setback. The stock declined approximately 20% from the its closing price on June 29 to open on June 30. As recently as March 24, 2026, CFO Andre Valentine had stated on the Q1 2026 earnings call: "our goal is to be conservative with revenue guidance, and we are being prudent with the current geopolitical situation.” That reaffirmation came roughly three months before the full-year outlook was cut.
In order to be eligible to join the CNXC class action lawsuit, you must have incurred a loss on shares of Concentrix Corporation purchased during the class period listed above.
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