Paycom Software (PAYC) Tanks After Revenue Shortfall and Dismal 2024 Guidance – Hagens Berman

Grand News Network | November 6, 2023

SAN FRANCISCO, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Hagens Berman urges Paycom Software, Inc. (NYSE:PAYC) investors who suffered substantial losses to submit your losses now.  

Visit: www.hbsslaw.com/investor-fraud/PAYC
Contact An Attorney Now: PAYC@hbsslaw.com
                                                    844-916-0895

Paycom Software, Inc. (NYSE:PAYC) Investigation:

The investigation focuses on the propriety of Paycom's statements and risk disclosures concerning the company's core Beti platform.

On Oct. 31, 2023, Paycom reported its Q3 2023 financial results, including disappointing Q3 revenues, and guided for Q4 2023 and 2024 revenues that were significantly below consensus estimates. At the earnings call, Paycom CEO Craig Boelte explained that Paycom's growth is being curbed by cannibalization, noting that clients have been cutting down spending on ...

Full story available on Benzinga.com


Disclaimer: The views, recommendations, and opinions expressed in this content belong solely to the third-party experts. This site was not involved in the writing and production of this article.


Disclaimer Press Release Banner

Copyright © 2024 | All rights reserved