E2open stock price plunges after earnings report; strategic review ‘ongoing’
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 numbers that investors may have found discouraging was subscription revenue of $131.6 million in the second quarter of fiscal 2025. However, that figure was not surprising and actually came toward the high end of the guidance range of $129…
