On June 12, UiPath fell 5.26% in regular trading, trading at $10.095/share, with turnover of $26.36 million. The stock extended its post-earnings decline as lingering disappointment over first-quarter earnings per share combined with broad-based weakness in the systems software sector.
The company reported adjusted EPS of $0.15 for its fiscal first quarter, missing the consensus estimate of $0.16, despite revenue of $418.4 million significantly exceeding expectations of $397.5 million. The earnings shortfall has continued to suppress market sentiment in the weeks following the report. Meanwhile, the systems software sector experienced widespread declines, with ServiceNow falling 4.24%, Microsoft dropping 1.88%, Oracle declining 1.83%, and CrowdStrike losing 1.47%, creating additional headwinds for UiPath. Although Bank of America previously raised its price target on the stock from $12 to $13, the combination of near-term profitability concerns and sector-level pressure has driven the continued slide.
(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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