Automotive companies on both sides of the U.S.-Mexico border could feel the most pain if President-elect Donald Trump moves forward with his proposed 25% tariffs on all imports from Canada and Mexico once he takes office Jan. 20.
A 25% tariff imposed on parts and vehicles coming from Canada and Mexico to the U.S. would “break the entire system” of the North American automotive supply chain, said John Lash, group vice president of product strategy at e2open.
Austin, Texas-based e2open is a...
Despite an earnings report that by most measures would be viewed as positive, the stock of recently high-flying supply chain software provider Manhattan Associates fell hard Wednesday, a day after the earnings release and management’s call with analysts.
What appeared to be driving the sell-off were statements by company officials on the call that closing deals for Manhattan’s software offerings, which are focused on warehouse management, transportation management and inventory, has been...
Second-quarter earnings at supply chain software provider E2open were negative enough that investors heavily sold off stock Thursday after management tried to put a positive spin on the company’s outlook.
At approximately 11:15 a.m. EDT, E2open (NYSE: ETWO) stock was down about 75 cents per share to $3.32, a drop of 18.4%. It was not a 52-week low for the company; that mark was set with a price of $2.15 almost one year ago exactly at the time it was pushing its CEO out the door.
Among the key...
Supply chain software provider E2open, with a new CEO in place and Elliott Investment Management still holding a significant stake in the company, is initiating a “strategic review” on its future.
The announcement Thursday morning sent the company’s stock price climbing. At the close, E2open’s stock on the Nasdaq was $4.33 a share, up 6.91% on the day but more importantly, up 101% from its recent low of $2.15 on Oct. 11. Its intraday high Thursday was $4.57.
Andrew Appel, who had the interim tag...
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With drought at the Panama Canal and conflicts in the Red Sea and other global shipping lanes...
https://www.freightwaves.com/news/mexico-aims-to-compete-with-panama-canal-by-using-cargo-trains
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Activist investor Elliott Investment Management has taken a large stake in e2open, the supply chain...
The ongoing struggles at supply chain software provider e2open have cost CEO Michael Farlekas his job.
On the same day e2open disclosed disappointing results for the second quarter of fiscal year 2024 that ended Aug. 31, as well as a revised downward forecast for full FY 2024, the company announced that the board and Farlekas had reached a “mutual decision for new leadership.”
“The time is right for new leadership,” e2open (NYSE: ETWO) said in a prepared statement Tuesday. “Accordingly, the...
https://www.freightwaves.com/news/farlekas-out-as-e2open-ceo
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FreightTech provider Flock Freight announced Thursday a multiyear strategic partnership with...
E2open, a provider of supply chain software with disastrous fourth-quarter fiscal year 2023 earnings that sent the company’s stock plunging, began to turn things around in the quarter that ended May 31.
The first quarter of the company’s 2024 fiscal year was by some measures not much better than the prior quarter or the corresponding quarter from a year earlier. Total non-GAAP revenue in Q1 FY 2024 was $160.8 million. Sequentially, it was $168.3 million in the prior quarter and just about flat a...
https://www.freightwaves.com/news/e2open-execs-tout-year-over-year-subscription-ebitda-growth
The stock price of supply chain software provider e2open plunged Tuesday as Wall Street reacted to an earnings report in which the financial numbers weren’t particularly negative but the outlook was.
By the close of trading, the stock of e2open had fallen $1.84 to $4.40, down just under 30% on the day. It touched an intraday low of $3.92. The 52-week high of $9.18 was recorded almost one year ago to the day, on May 4, 2022.
The issues facing the provider of its SaaS product for supply chains...