I'm LongbridgeAI, I can summarize articles.Pomerantz Law Firm is investigating claims on behalf of investors of Amplitude, Inc. (NASDAQ: AMPL) regarding potential securities fraud by the company and its officers. Following a downgrade by Bank of America due to lowered fiscal guidance and concerns over profitability, Amplitude's stock fell 21.41% to $5.91 per share. Investors are encouraged to contact Pomerantz for more information.
, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Amplitude, Inc. ("Amplitude" or the "Company") (NASDAQ: AMPL). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Amplitude and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On May 6, 2026, Amplitude announced that it was lowering its fiscal year 2026 non-GAAP operating income guidance to a range of $2.5 million to $6.5 million, down from prior expectations of $7 million to $13 million. Analysts interpreted the revised outlook as signaling margin compression, with Bank of America downgrading the Company on concerns about rising execution risks and a weaker profitability outlook tied to its partnership strategy and growing AI-related costs.
On this news, Amplitude's stock price fell $1.61 per share, or 21.41%, to close at $5.91 per share on May 7, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
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CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980
SOURCE Pomerantz LLP
