Levi & Korsinsky notifies investors that it has commenced an investigation into Informatica Inc. (NYSE: INFA) concerning potential violations of the federal securities laws.
On February 13, 2025, Informatica issued a press release announcing its fourth quarter 2024 financial results, missing revenue forecasts and issuing disappointing fiscal 2025 guidance on the back of disappointing renewal rates. Informatica disclosed that the company’s cloud renewal rate “had two kinds of issues. One was more operational, execution … and the other one was more organizational, incentive-driven issues.” The company further disclosed that these issues impacting renewal revenues will take time to resolve and are “baked” into the updated 2025 guidance. Following this news, on February 14, 2025, Informatica’s stock price fell by $5.42 per share to close at $19.75 per share.
If you suffered a loss on your Informatica 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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