Why Is Concentrix Stock Falling Tuesday?

Concentrix (CNXC) shares fell ~15% after fiscal Q2 results came in weaker than expected and the company cut its full-year outlook. Canaccord Genuity reduced its price forecast, though it kept a bullish rating. The earnings miss plus guidance cut is likely to pressure expectations near-term for the stock.

Analysis

Concentrix (CNXC) shares fell ~15% after fiscal Q2 results came in weaker than expected and the company cut its full-year outlook. Canaccord Genuity reduced its price forecast, though it kept a bullish rating. The earnings miss plus guidance cut is likely to pressure expectations near-term for the stock.