NEW YORK, July 20, 2024 (GLOBE NEWSWIRE) -- WHAT TO DO NEXT: To join the UiPath class action, go to https://rosenlegal.com/submit-form/? case_id=19012 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 19, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the l ...

Undoubtedly, Cathie Wood and the Ark Innovation Fund (NYSEARCA:ARKK) have struggled to keep pace with the Nasdaq 100 in recent years. As rates and inflation fall (Cathie Wood sees deflation ahead), the climate certainly seems a heck of a lot more hospitable to speculative innovators that have been long forgotten in this large-cap-favored era of the Magnificent Seven. Source: Iv-olga / Shutterstock.com That said, the longer-term growth story encompasses growth from AI, robotaxis, humanoid robots (Optimus), a ...

NEW YORK, July 20, 2024 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces it has filed a lawsuit against UiPath, Inc. ("UiPath" or the "Company") (NYSE:PATH) and certain of the Company's senior executives. What is the Lawsuit About? On May 29, 2024, UiPath announced the sudden departure of CEO Robert Enslin. On the same day, UiPath announced disappointing 1Q 25 financial results and significantly cut its FY 25 revenue guidance by 10%, or $150 million. The Company attribute ...

These statements were allegedly materially false and misleading. In truth, UiPath's turnaround strategy had failed. Fruitless investments and inconsistent execution plagued the Company's overhauled go-to-market strategy. Additionally, UiPath's AI-powered Business Automation Platform caused "confusion" among customers and was not able to be adequately scaled. As a result, UiPath experienced significant difficulties closing and/or expanding large multiyear deals. This news caused the price of UiPath stock to ...

On May 29, 2024, UiPath announced the sudden departure of CEO Robert Enslin. On the same day, UiPath announced disappointing first quarter 2025 financial results and significantly cut its full year 2025 revenue guidance by 10%, or $150 million. The Company attributed the poor results and guidance to several factors related to its failed turnaround strategy, including an inadequate execution strategy to scale the Company's AIpowered growth products to reach their full potential. Additionally, UiPath reported ...

PHILADELPHIA, July 17, 2024 (GLOBE NEWSWIRE) -- Nationally recognized law firm Berger Montague PC informs investors that a lawsuit was filed against UiPath, Inc. ("UiPath" or the "Company") (NYSE: PATH) on behalf of purchasers of UiPath securities between December 1, 2023 and May 29, 2024, inclusive (the "Class Period"). CLICK HERE to learn more about the lawsuit. According to the complaint, throughout the Class Period, the defendants made materially false and misleading statements concerning UiPath's turna ...

NEW YORK, July 17, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of UiPath, Inc. (NYSE: PATH). CLASS PERIOD: December 1, 2023 to May 29, 2024 WHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and e ...

Nvidia has benefited so profoundly from artificial intelligence (AI), both in terms of its share price appreciation and financial performance, that Goldman Sachs says the chipmaker alone has defined the first phase of the nascent AI boom. Forecasts from Wall Street analysts imply colossal gains for shareholders of UiPath and Tesla. However, AI tailwinds will eventually penetrate every sector and industry, and Goldman believes software and IT services companies may be best positioned to benefit in the long r ...

Analysts don't seem optimistic about its chances -- they expect UiPath's revenue to only grow at a CAGR of 10% from fiscal 2024 to fiscal 2027. They also expect it to stay unprofitable on a generally accepted accounting principles (GAAP) basis. UiPath's revenue growth stabilized in fiscal 2023 and fiscal 2024, and its adjusted operating margins expanded as it undertook layoffs and other cost-cutting measures. At the end of fiscal 2024, UiPath impressed the bulls by predicting its revenue would rise 19% in f ...

UiPath (PATH) closed at $12.70 in the latest trading session, marking a +1.84% move from the prior day. The stock exceeded the S&P 500, which registered a gain of 0.64% for the day. On the other hand, the Dow registered a gain of 1.85%, and the technology-centric Nasdaq increased by 0.2%. Investors will be eagerly watching for the performance of UiPath in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.03, showcasing a 66.67% downward movement from the corresponding quarte ...