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The filed complaint alleges that ePlus inc. made materially false and/or misleading statements and/or failed to disclose that: 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.
In order to be eligible to join the PLUS class action lawsuit, you must have incurred a loss on shares of ePlus inc. purchased during the class period listed above.
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