U.S. stocks lower as investors rotate out of tech ahead of Jackson Hole
In a challenging market environment, E2open Parent Holdings, Inc. (ETWO) stock has reached a 52-week low, dipping to $2.25, marking a steep 49% decline over the past six months. According to InvestingPro analysis, the stock appears undervalued, with analysts setting price targets ranging from $2.60 to $3.25. The supply chain software company’s shares have been under pressure, reflecting broader market trends and specific industry challenges. This new low comes as a stark contrast to the performance over the past year, with CC Neuberger Principal Holdings I, which brought ETWO public via a SPAC merger, witnessing a significant 1-year decline of 46.1%. While currently unprofitable, InvestingPro data reveals analysts expect profitability this year, with a forecasted EPS of $0.20. The company maintains a healthy gross profit margin of 65.6%, and investors are closely monitoring ETWO’s strategic moves and market conditions to gauge potential recovery and growth prospects. For deeper insights into ETWO’s valuation and growth potential, access the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, E2open Parent Holdings Inc reported its third-quarter 2024 earnings, revealing a mixed financial performance. The company posted earnings per share (EPS) of $0.05, aligning with forecasts, while revenue reached $151.7 million, which was below the anticipated $161 million. This revenue miss marked a 3.7% decline year-over-year. The company also reported a significant net loss of $381.6 million, primarily due to a $369.1 million non-cash goodwill impairment. Subscription revenue slightly exceeded internal guidance, coming in at $132 million. Analysts have noted E2open’s focus on AI integration and global trade management applications as potential areas for future growth. The company provided fourth-quarter guidance, projecting subscription revenue between $131 million and $134 million. For the full year 2025, E2open expects subscription revenue to range from $526 million to $529 million, indicating a slight contraction.
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