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Stock impact report

The Law Offices of Frank R. Cruz Announces Investigation of Neuronetics, Inc. (STIM) on Behalf of Investors

Neuronetics, Inc. (STIM) 
Last neuronetics, inc. earnings: 3/3 06:00 am Check Earnings Report
Company Research Source: Business Wire
LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Neuronetics, Inc. (“Neuronetics” or the “Company”) (NASDAQ: STIM) on behalf of investors concerning the Company’s possible violations of federal securities laws.If you are a shareholder who suffered a loss, click here to participate.On October 12, 2021, Neuronetics announced preliminary revenue results, expecting “total revenue for the third quarter to be approximately $13.8 million, compared to previously issued guidance of $15.0 million to $16.0 million.” The Company also reduced its full year revenue guidance, expecting between $53.3 million to $54.3 million for fiscal 2021. According to Neuronetics, revenue “came in lower than anticipated primarily due to our new sales team requiring additional time to get to full productivity as a result of extended sales cycles driven in part by the uncertain Covid-19 environment.”On this news, the Company’s stock price fell $1.57, or 24.5%, to close Show less Read more
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