NEW YORK, NY / ACCESSWIRE / November 20, 2024 / Pomerantz LLP is investigating claims on behalf of investors of Janus International Group, Inc. ("Janus" or the "Company") (NYSE:JBI). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Janus and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On October 29, 2024, Janus issued a press release announcing its financial results for its fiscal third quarter. Among other items, Janus disclosed revenue of $230.1 million, representing a year-over-year decline of 17.9% and missing consensus estimates by $18.11 million. Janus also updated its full year revenue guidance to a range of $910 million to $925 million, compared to consensus estimates of $1 billion, citing headwinds from macroeconomic factors, interest rate uncertainty and persistent project delays.
On this news, Janus's stock price fell $3.07 per share, or 29.78%, to close at $7.24 per share on October 29, 2024.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
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SOURCE: Pomerantz LLP