MEI

Recognition of Grakon: Methode Electronics' Grakon business unit has been honored as a top-performing supplier by PACCAR for its contributions to advanced lighting systems in commercial vehicles, including Kenworth and Peterbilt trucks.

Commitment to Innovation: Grakon's CEO emphasized the importance of innovation, quality, and reliability in their partnership with PACCAR, highlighting their ongoing efforts to enhance performance in the commercial vehicle industry.

Insider Trading Activity: Lars Ullrich, SVP of Global Automotive Business at $MEI, purchased 15,150 shares for approximately $101,389, increasing their holdings; this marks the fourth insider purchase in six months with no sales reported.

Institutional Investor Movements: In the latest quarter, 84 institutional investors increased their positions in $MEI stock while 106 reduced theirs, indicating mixed sentiment among larger stakeholders.

Mercury Systems Class Action: A securities fraud class action against Mercury Systems has survived a motion to dismiss, with allegations that the company misled investors about its growth and financial practices. Shareholders who held shares before February 3, 2021, can seek corporate reforms and recover funds at no cost.

Investigations of Other Companies: Grabar Law Office is also investigating claims against Methode Electronics, Monolithic Power Systems, and Sage Therapeutics for potential breaches of fiduciary duties by their officers, with similar opportunities for shareholders to seek corporate reforms and recover funds if they held shares prior to specified dates.

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Price Target Adjustment: Baird has reduced the price target for Methode Electronics (MEI) from $14 to $9 while maintaining a Neutral rating due to disappointing Q3 results.

Q3 Financial Performance: Methode Electronics reported a significant decline in stock value and lower-than-expected revenue projections for Q4, with adjusted EPS falling short of consensus estimates.

Earnings Report: Methode Electronics reported a FQ3 Non-GAAP EPS of -$0.21 and revenue of $239.9 million, reflecting a 7.6% year-over-year decline, leading to an 18.53% drop in shares.

Future Guidance: For Q4 FY2025, the company anticipates net sales between $240 to $255 million with a pre-tax income (loss) ranging from -$1 to $3 million, while reaffirming expectations for FY2026 to exceed FY2025 in both sales and positive pre-tax income.

Driven Brands Holdings, Inc. Class Action: A class action lawsuit against Driven Brands has survived a motion to dismiss, alleging that company officers made false statements regarding its business operations and integration of acquired companies. Shareholders who held shares since before October 27, 2021, can seek corporate reforms and potential financial recovery.

Mercury Systems, Inc. and Methode Electronics, Inc. Investigations: Similar investigations are underway for Mercury Systems and Methode Electronics, where allegations include misleading investors about growth and operational issues. Shareholders from both companies who held shares prior to specified dates can also pursue claims for corporate reforms and financial restitution.

Earnings Performance: Infinera (INFN) reported quarterly earnings of $0.03 per share, falling short of the Zacks Consensus Estimate of $0.09, and showing a decline from $0.12 per share a year ago. The company also surpassed revenue expectations with $414.39 million, despite a year-over-year decrease.

Future Outlook: The stock's performance will depend on management's commentary during the earnings call and upcoming earnings estimate revisions, currently indicating a Zacks Rank #3 (Hold). Investors are advised to monitor industry trends as they can significantly impact stock performance.

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Research Calls Overview: Today's market-moving research calls highlight significant upgrades and downgrades from major firms, including Morgan Stanley's upgrade of Block to Equal Weight and Argus's downgrade of Domino's Pizza to Hold due to earnings misses.

Initiations of Coverage: New coverage initiations include RBC Capital's Outperform rating for Insmed with a $100 price target, while Roth MKM initiated Warby Parker with a Neutral rating at $26, reflecting varied expectations for growth and valuation across different stocks.

Investigation into Atkore Inc.: Grabar Law Office is investigating potential breaches of fiduciary duties by Atkore Inc. executives, linked to allegations of securities fraud involving an anticompetitive price-fixing scheme that inflated PVC pipe prices, leading to significant stock price drops after poor financial results were announced.

Shareholder Rights for Multiple Companies: Current shareholders of Crocs, Methode Electronics, and Ocugen are encouraged to participate in investigations regarding alleged breaches of fiduciary duties by their respective executives, with opportunities for corporate reforms and recovery of funds available at no cost.

Origin Materials Investigation: Grabar Law Office is investigating claims against Origin Materials, Inc. regarding potential breaches of fiduciary duties by its officers, following a federal court's finding that the company made materially false statements about its business operations and prospects.

Olaplex Holdings and Other Investigations: Similar investigations are ongoing for Olaplex Holdings, Telephone and Data Systems, and Methode Electronics, with allegations of misleading statements and failures to disclose critical information affecting shareholders' interests, allowing affected investors to seek corporate reforms and recover funds at no cost.

Olaplex Holdings Investigation: Grabar Law Office is investigating potential breaches of fiduciary duty by Olaplex officers related to misleading statements in their IPO documents, which may have misrepresented the company's financial outlook and market conditions.

Multiple Company Investigations: Similar investigations are ongoing for Telephone and Data Systems, Methode Electronics, and Equinix, focusing on allegations of securities fraud and misleading statements made by company officers that could impact shareholder rights and recovery options.

Investigation into Methode Electronics: Kuehn Law, PLLC is investigating potential breaches of fiduciary duties by officers and directors of Methode Electronics, Inc. related to misrepresentations about the company's performance and challenges faced during the COVID-19 pandemic.

Call for Shareholder Action: Shareholders who purchased MEI stock before June 23, 2022, are encouraged to contact Kuehn Law as there may be limited time to enforce their rights regarding the alleged misconduct.

Shareholder Investigations: Grabar Law Office is investigating multiple companies, including Paragon 28, Integra LifeSciences, Telephone and Data Systems, Methode Electronics, and Globe Life, for potential breaches of fiduciary duties and securities fraud, allowing eligible shareholders to seek corporate reforms and financial recovery at no cost.

Allegations Against Companies: The investigations stem from allegations that these companies made false or misleading statements regarding their financial health and operations, leading to significant stock price declines and legal repercussions.

Globe Life Inc. Investigation: Grabar Law Office is investigating potential breaches of fiduciary duties by Globe Life Inc. officers, following allegations of securities fraud and misleading statements that led to a significant drop in stock prices after claims of insurance fraud and workplace misconduct were revealed.

Other Companies Under Scrutiny: Similar investigations are ongoing for Paragon 28, Integra LifeSciences, Telephone and Data Systems, and Methode Electronics, with shareholders eligible to seek corporate reforms and recover funds at no cost, amid allegations of false statements and mismanagement affecting their stock performance.

Investigation into Methode Electronics: Bragar Eagel & Squire, P.C. is investigating potential claims against Methode Electronics Inc. following a class action complaint regarding alleged breaches of fiduciary duties by the board of directors during a challenging transition period from 2021 to 2024.

Operational Challenges and Financial Impact: The complaint highlights significant operational issues at Methode Electronics' Monterrey facility, including employee losses, production planning deficiencies, and logistical defects, which have hindered the company's ability to meet financial guidance and achieve growth in the electric vehicle sector.

Investigation of Methode Electronics: Grabar Law Office is investigating claims against Methode Electronics Inc. regarding potential breaches of fiduciary duties by its officers, following allegations of securities fraud related to operational failures and misleading statements.

Shareholder Actions: Current shareholders who held shares prior to June 23, 2022, can seek corporate reforms and financial restitution at no cost, as part of the investigation into the company's management practices and performance issues.

Earnings Expectations: Amphenol (APH) is set to report its fourth-quarter 2024 results on January 22, expecting earnings between 45 and 48 cents per share, reflecting a year-over-year growth of 17-22%. The Zacks Consensus Estimate for revenues stands at $4.03 billion, indicating a 21.26% increase from the previous year.

Growth Drivers: The company's strong performance is attributed to a robust order backlog, acquisitions enhancing product offerings, and increased demand in defense and commercial aerospace sectors, alongside a favorable market trend driven by AI technologies and investments in defense.

Investigation into Methode Electronics: The Portnoy Law Firm has launched an investigation into Methode Electronics, Inc. for potential securities fraud and is considering filing a class action lawsuit on behalf of affected investors.

Financial Challenges and Lawsuit: Methode's recent financial report revealed significant losses and operational challenges, leading to a withdrawal of previous guidance, which has resulted in a securities class action lawsuit against the company and its executives for failing to disclose critical information.