Levi & Korsinsky notifies investors that it has commenced an investigation into Janus International Group, Inc. (NYSE: JBI) concerning potential violations of the federal securities laws.
Janus issued a press release on October 29, 2024 announcing its financial results for its fiscal third quarter. The release disclosed, in part, revenue of $230.1 million, representing a year-over-year decline of 17.9%, and missing consensus estimates by $18.11 million. Further, Janus updated its full-year revenue guidance to a range of $910 million to $925 million, compared to consensus estimates of $1 billion, citing headwinds from macroeconomic factors, interest rate uncertainty, and persistent project delays. On this news, Janus's stock price fell almost 30% to close at $7.24 per share on October 29, 2024.
If you suffered a loss on your Janus 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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