NEW YORK, NY / ACCESS Newswire / February 24, 2025 / Levi & Korsinsky notifies investors that it has commenced an investigation of Agilysys, Inc. ("Agilysys, Inc.") (NASDAQ:AGYS) concerning possible violations of federal securities laws.
On January 21, 2025, Agilysys issued a press release announcing third quarter revenue below expectations and the company’s own guidance, resulting in a significant revision to Agilysys’ FY25 revenue guidance. CEO Srinivasan admitted they "underestimated the sales challenges on the point-of-sale POS side of the equation," that the year "could have been a lot better," and that they "could have also done a lot better with the speed of hiring for the implementation services teams."
Following this news, Agilysys’ stock price fell by $26.53 per share and is currently trading at $99.38 per share. To obtain additional information, go to:
https://zlk.com/pslra-1/agilysys-inc-lawsuit-submission-form?prid=131691&wire=1
or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212)363-7500.
WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services’ Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
jlevi@levikorsinsky.com
Tel: (212)363-7500
Fax: (212)363-7171
https://zlk.com/
SOURCE: Levi & Korsinsky, LLP
View the original press release on ACCESS Newswire
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