Manhattan Associates (MANH) Shares Skyrocket, What You Need To Know
From StockStory Media:
1. Manhattan Associates (NASDAQ:MANH) saw its shares jump 13.1% in pre-market trading after reporting a strong fourth quarter with exceeding revenue, EPS, and free cash flow expectations. The company also raised guidance for its remaining performance obligations and operating margin, indicating a positive outlook. While next year’s revenue guidance suggests a slowdown, it still exceeded Wall Street analysts’ expectations. Overall, it was a solid quarter that should please shareholders and potentially attract new investors. Is now the time to buy Manhattan Associates?
2. The market is telling us that Manhattan Associates’s shares are somewhat volatile, with significant moves indicating a strong impact on the market’s perception of the business. This quarter’s earnings and raised guidance should result in broad increases in financial projections for the company. The stock is up 16.3% since the beginning of the year, and investors who bought $1,000 worth of Manhattan Associates’s shares 5 years ago would now be looking at an investment worth $4,933.
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