LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay Wolke & Rotter LLP, a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Kyndryl Holdings, Inc. ("Kyndryl†or the "Company†) (NYSE: KD) investors concerning the Company's possible violations of the federal securities laws. IF YOU ARE AN INVESTOR WHO LOST MONEY ON KYNDRYL HOLDINGS, INC. (KD), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS. What Happened? O. ...

Kyndryl (KD) shares crashed more than 50% this morning, after the IT infrastructure firm said the U.S. Securities and Exchange Commission (SEC) was looking into its financial reporting practices. On Monday, the company lowered its full-year guidance and announced a string of top-level ousters as well, which pushed KD’s relative strength index (RSI) into deeply oversold territory. At the time of writing, Kyndryl stock is down nearly 60% versus its year-to-date high. More News from Barchart www.barchart. ...

Core Insights - Kyndryl's shares have dropped 54.5% following disappointing fiscal Q3 results, with revenue of $3.9 billion translating to a net income of $57 million, or an adjusted profit of $0.52 per share, which fell short of expectations despite a slight year-over-year increase [1][2] - The company has lowered its revenue guidance for the current fiscal year, now expecting free cash flow between $325 million and $375 million, with revenue projected to be 2% to 3% lower than the previous year, down from an earlier expectation of around $550 million in free cash flow [2] - A significant factor in the stock's decline is the unexpected departure of CFO David Wyshner and the delay in the quarterly 10-Q filing due to a review of cash management practices and internal controls, with the company anticipating reporting material weaknesses in financial reporting for the current and upcoming fiscal periods [3] Financial Performance - Kyndryl reported revenue of $3.9 billion for the three months ending in December, with a net income of $57 million, resulting in an adjusted profit of $0.52 per share [2] - The company has adjusted its free cash flow expectations significantly downward, now forecasting between $325 million and $375 million, compared to previous expectations of around $550 million [2] Management and Governance - The unexpected exit of CFO David Wyshner has raised concerns among investors, particularly in light of the delayed 10-Q filing and the review of cash management practices [3] - The company is expected to report material weaknesses in internal controls over financial reporting, which could impact investor confidence [3] Market Position - Despite the steep sell-off, there is a potential value argument for investors, as the stock is currently priced at around three times the anticipated per-share profit of $3.38 for the upcoming year [4]

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Kyndryl Holdings, Inc. ("Kyndryl†or the "Company†) (NYSE: KD) investors concerning the Company's possible violations of federal securities laws. IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN KYNDRYL HOLDINGS, INC. (KD), CONTACT THE LAW OFFICES OF HOWARD G. SMITH ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS. Contact the Law Offices of Howard G. Smith to discuss your legal rights by e. ...

Core Insights - Kyndryl Holdings, Inc. is under investigation for potential violations of federal securities laws following the sudden departure of its CFO and General Counsel [1] - The company announced it could not file its quarterly report on Form-10-Q on time and is reviewing its cash management practices and internal controls after receiving document requests from the SEC [1] - Following these disclosures, Kyndryl's stock price experienced a decline [1] Company Developments - The immediate departures of key executives, including the CFO and General Counsel, raise concerns about the company's governance and operational stability [1] - Kyndryl's inability to file its quarterly report on time indicates potential issues with financial reporting and compliance [1] - The ongoing review of cash management practices and internal controls suggests that the company is taking steps to address potential weaknesses in its financial practices [1]

The honeymoon period for IBM's spin-off – Kyndryl Holdings (NYSE: KD) – has officially ended in a fiery wreckage of investor confidence. Once marketed as the agile "vendor-agnostic†future of IT infra... ...

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Kyndryl Holdings, Inc. ("Kyndryl†or the "Company†) (NYSE: KD) on behalf of investors concerning the Company's possible violations of federal securities laws. IF YOU ARE AN INVESTOR WHO LOST MONEY ON KYNDRYL HOLDINGS, INC. (KD), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS. What Is The Investigation About? On February 9, 2026, Kyndryl announced the Company's CFO and Gene. ...

Core Viewpoint - Kyndryl Holdings, Inc. is under investigation for potential securities fraud following a significant stock drop of over 52% due to an accounting review and the departure of key executives [1][1][1] Group 1: Investigation Details - The investigation is being conducted by Bleichmar Fonti & Auld LLP to determine if Kyndryl misrepresented its cash management practices and the drivers of its adjusted free cash flow metric [1][1] - The inquiry focuses on Kyndryl's internal controls over financial reporting for FY2025 and the first three quarters of FY2026 [1][1] Group 2: Stock Performance - Kyndryl's stock price fell by more than 52% on February 9, 2026, following the announcement of a delay in the release of its fiscal Q3 2026 financial statement due to an accounting review [1][1] - The stock drop was exacerbated by the immediate departures of the CFO and General Counsel [1][1]

Philadelphia, Pennsylvania--(Newsfile Corp. - February 9, 2026) - Kehoe Law Firm, P.C. is investigating potential securities fraud claims on behalf of investors of Kyndryl Holdings, Inc. ("Kyndryl" or the "Company") (NYSE: KD).On February 9, 2026, Kendryl reported it will delay filing its 10-Q, because it ". . . is reviewing its cash management practices, related disclosures (including regarding the drivers of the Company's adjusted free cash flow metric), the efficacy of the Company's internal control ove ...

Core Insights - Kyndryl Holdings, Inc. is under investigation by Johnson Fistel, PLLP regarding potential compliance issues with federal securities laws, focusing on investor losses and recoverability [1][3]. Financial Reporting and Internal Controls - On February 9, 2026, Kyndryl disclosed that its Audit Committee is reviewing cash management practices and related disclosures, particularly concerning the adjusted free cash flow metric, following requests from the SEC's Division of Enforcement [3]. - The company anticipates reporting material weaknesses in internal control over financial reporting for multiple periods and stated that its previous assessments and independent auditor's opinions should no longer be relied upon [4]. Executive Changes and Stock Impact - Kyndryl announced the immediate departures of its Chief Financial Officer and General Counsel, and indicated a delay in filing its Quarterly Report on Form 10-Q [5]. - Following these disclosures, Kyndryl's stock price fell approximately 40% in premarket trading on February 9, 2026 [5].