UiPath stock is crashing after posting earnings, CEO resigns

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Julie Hyman Noticias

Stock Crashes,Daniel Dines,CEO Rob Enslin

Robotics and automation software developer UiPath (PATH) is taking a beating as its stock crashes by over 30% after reporting weak second-quarter guidance...

) is taking a beating as its stock crashes by over 30% after reporting weak second-quarter guidance and CEO Rob Enslin resigns. Enslin will be succeeded by UiPath's co-founder and executive chairman Daniel Dines.Checking in on some of today's top trending tickers U I pa sinking today as the software company issued some weaker than expected revenue guidance for the second quarter.Company also announced an executive shake up as Co Rob Enslin is resigning effective June 1st.

So a big cut says this is a multi quarter process in terms of realigning sales comp and getting back to just steadier ground. And I think, you know, the theme that, that we see emerging today in the companies that we are talking about, whether it's a sales force, whether it's Octa is this idea around discipline, around spending from companies.

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