Manhattan Associates' stock surged 5.62% at the open on Wednesday, extending gains from the night session.
The supply chain software provider reported fourth-quarter adjusted earnings of $1.21 per share, beating analyst estimates, and revenue of $270.4 million, also above expectations. The company's cloud subscription revenue grew significantly to $108.6 million, and management provided an optimistic outlook for 2026, forecasting adjusted earnings per share between $5.04 and $5.20 on revenue of $1.13 billion to $1.15 billion.
Despite some analyst target price cuts from firms like Raymond James and D.A. Davidson, the strong quarterly performance and positive guidance fueled investor confidence, leading to the sharp intraday rise.