"We believe the increase would have been just 'good enough' in a vacuum. That being said, Wong believes the "flattish Q3 trajectory likely to disappoint investors." For the full year, the company actually bumped up its revenue outlook by $6 million at the midpoint from a range of $764 million to $776 million to a range of $772 million to $780 million. "Management also highlighted better cash retention this year, which should stave off concerns that pandemic subscription cohorts could see elevated churn as economies normalize," the analyst added. It should also be noted that most of the increase in take rate came from Tock's contribution, which Squarespace acquired earlier this year. Additionally, Presence and Commerce revenue surpassed Wong's estimates. Both results beat the Street's $189 million and $200 million calls. Although he trimmed the price target from $70 to $60, this still leaves room for a 40% gain over the next year.ĭigging deeper into the print, Squarespace posted revenue and billings of $196 million (a 31% year-over-year increase) and $206 million (a 24% year-over-year gain), respectively. In line with his optimistic approach, Wong kept a Buy rating on the website building and hosting company. However, the analyst's bullish thesis remains very much intact. Personal Loans for 670 Credit Score or Lowerĭespite Squarespace's solid second-quarter performance, Guggenheim analyst Ken Wong is anticipating some concern from investors. Personal Loans for 580 Credit Score or Lower Prior results do not guarantee a similar outcome.Best Debt Consolidation Loans for Bad Credit An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.įollow us for updates on LinkedIn:, on Twitter: or on Facebook. You may also remain an absent class member and do nothing at this point. Until a class is certified, you are not represented by counsel unless you retain one. toll-free at 86 or email or for information on the class action. To join the Plug Power class action, go to or call Phillip Kim, Esq. When the true details entered the market, the lawsuit claims that investors suffered damages. As a result, defendants’ statements about Plug Power’s business, operations, prospects, and ability to effectively manage its supply chain and production lacked a reasonable basis. Specifically, defendants misrepresented and/or failed to disclose that Plug was unable to effectively manage its supply chain and product manufacturing, resulting in reduced revenues and margins, increased inventory levels, and several large deals being delayed until at least 2023, among other issues. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.ĭETAILS OF THE CASE: The lawsuit alleges that, throughout the Class Period, defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts, about Plug’s business and operations. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. In 2019 alone the firm secured over $438 million for investors. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to serve as lead plaintiff, you must move the Court no later than June 12, 2023. A class action lawsuit has already been filed. WHAT TO DO NEXT: To join the Plug Power class action, go to or call Phillip Kim, Esq. SO WHAT: If you purchased Plug Power common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. (NASDAQ: PLUG) between Augand March 1, 2023, both dates inclusive (the “Class Period”) of the important Jlead plaintiff deadline. WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Plug Power Inc.
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