The Law Offices of Frank R. Cruz and the Law Offices of Howard G. Smith separately announced investigations into ePlus inc. concerning potential violations of federal securities laws. These investigations were initiated on behalf of investors who reportedly lost money following the company's third quarter fiscal year 2025 financial results.
The investigations stem from ePlus's earnings release on February 5, 2025, where the company missed consensus estimates. Management cited "digestion... specifically in the networking space and a few select enterprise customers" and "soft demand... around supply chain for the most part" as reasons for the performance.
Following this news, ePlus's stock price fell by $10.64, or 13.1%, to close at $70.29 per share on February 6, 2025. The announcement of formal investigations by law firms indicates potential legal challenges and scrutiny regarding the company's disclosures and financial reporting.
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