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Press Release
hsmith@howardsmithlaw.comThis investigation is for anyone who acquired securities in Azenta, Inc. (NASDAQ: AZTA) prior to May 5, 2026.
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 failing to timely inform investors of execution issues that the Company was having.
On May 5, 2026, Azenta released its second quarter 2026 financial results, missing consensus estimates in EPS and revenue due to “execution-related shortfalls within [the Company’s] control” as well as “a more cautious prolonged demand environment.” The Company also reported a $149 million goodwill impairment. Additionally, Azenta reduced its 2026 outlook, stating that organic revenue was now expected to range from down approximately 2% to up 1%, compared to prior guidance of 3% to 5% growth. The Company also reduced its adjusted EBITDA margin outlook and announced that it was extending the timeline for its long-range plan targets from 2028 to 2029. 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 Azenta, Inc. (NASDAQ: AZTA) prior to May 5, 2026 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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