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This investigation is for anyone who acquired securities in ePlus, Inc. (NASDAQ: PLUS) prior to February 5, 2025.
The Law Offices of Howard G. Smith believes that the Company and certain of its executives violated federal law. Specifically, the Law Offices of Howard G. Smith believes that the Company misled investors regarding its financial condition. More specifically, the Law Offices of Howard G. Smith believes that the Company misled investors by stuffing the Company’s channels of distribution thereby knowingly artificially inflating revenue.
On February 5, 2025, ePlus released its third quarter fiscal 2025 financial results, missing consensus estimates, citing “digestion . . . specifically in the networking space and a few select enterprise customers,” and that the soft demand “is around supply chain for the most part.” On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.
The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in ePlus, Inc. (NASDAQ: PLUS) prior to February 5, 2025 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.
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