Reported 4 months ago
UiPath's stock plummeted by 35% after the company reported a weaker outlook and a surprise CEO transition, with Rob Enslin stepping down and founder Daniel Dines returning as CEO. Despite reporting solid first-quarter results with earnings and revenue exceeding expectations, UiPath's second-quarter revenue forecast fell short of market estimates, leading to analyst downgrades and concerns about the company's future growth prospects and execution challenges.
Source: YAHOO