On June 2, UiPath declined 5.04% in regular trading, trading at $12.685/share, with trading volume of $27.65 million. The stock continued to face selling pressure as the lingering impact of its Q1 earnings miss combined with broad weakness across the systems software sector.
The company previously reported fiscal Q1 adjusted earnings of $0.15 per share, missing the analyst consensus estimate of $0.16 by 6.25%, despite revenue of $418.4 million significantly exceeding the expected $397.5 million. While management provided above-consensus Q2 revenue guidance of $395-400 million and full-year guidance of $1.776-1.781 billion, and Bank of America raised its price target from $12 to $13, the market remains focused on the near-term profitability shortfall.
The broader systems software sector declined in tandem, with Microsoft down 2.08%, ServiceNow down 2.66%, Oracle down 1.42%, and Palo Alto Networks down 1.83%, compounding downward pressure on UiPath shares.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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