HAGENS BERMAN, NATIONAL SECURITIES LAW FIRM, Announces Investigation into Cardinal Infrastructure Group Inc. (NASDAQ: CDNL) Following Post-Offering Stock Plunge
Hagens Berman announced an investigation into Cardinal Infrastructure Group (CDNL) regarding potential federal securities law violations linked to its business prospects disclosures. The investigation follows a 36% stock plunge after the company reported Q2 results showing a 51% drop in EPS and significant margin compression, contradicting earlier positive statements made during a recent secondary offering.
Key figures
- Eps
- 0.26
- Offering Price
- 73
- Shares Offered
- 4.6 million
- Backlog
- $866 million
- Stock drop
- 36%
- Gross margin
- 15.9%
- Net proceeds
- $318 million
- Ebitda margin
- 12.4%
- Eps consensus
- 0.47
- Yoy eps decline
- 51%
AI analysis
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