Manhattan Associates (MANH)
NASDAQInformation TechnologySoftware - ApplicationSnapshot 2026-09-04
$213.77-3.86%
Close 2026-09-04 · 1-day change
NASDAQInformation TechnologySoftware - ApplicationSnapshot 2026-09-04
QuarterlyIQ Insights · MANH
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | 7.2% |
| Our one-year growth estimate | diamond | 9.2% |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 365 days
Most sensitive to the broad stock market.
Based on historical daily prices through 2026-09-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
A larger daily loss that occurred about once in every 20 trading days.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Growth built into the price is above our model estimate.
The price assumes 1.9 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-09-04 · Compared with 119 industry peers
MANH — strategy / product update — Costs Associated with Exit or Disposal Activities
Dated 2026-06-01
Costs Associated with Exit or Disposal Activities. On June 1, 2026, Manhattan Associates, Inc. (“Manhattan”) initiated plans to reduce its global headcount by approximately 6%, leveraging increased operational efficiencies and allowing it to focus investments on key strategic priorities. Manhattan estimates that it will incur expenses, substantially all in cash, of approximately $7 million to $9 million in the second quarter of 2026, consisting of severance and other one-time termination bene…
Why it matters: This shows weaker demand. It could hurt the company's growth.
Worry ifQ2 2026 total revenue was less than $1,147 million.
Less concerning ifQ2 2026 total revenue meets or exceeds $1,157 million.
Why it matters: This may show lower demand for Manhattan's services. It can hurt future revenue.
Worry ifRPO growth drops below 20% year over year.
Less concerning ifRPO growth remains above 24% year over year.
Why it matters: A smooth change can improve financial leadership. It helps with strategy execution.
Supportive ifLinda Pinne takes the CFO role without any problems.
Worry ifProblems come up during the change. This affects financial reporting.
Why it matters: Revenue growth below 7% could signal weakening demand in the supply chain sector.
Worry ifQ3 total revenue growth below 7% year over year.
Less concerning ifQ3 total revenue growth above 7% year over year.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$185 on $10,000 · ±1.8% | How much price usually moves either way. |
| Bad day | $426 loss on $10,000 · 4.3% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $4,489 loss on $10,000 · 44.9% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Why it matters: Slowing buybacks may show management's lower confidence in spending or cash flow.
Worry ifShare buybacks drop a lot in Q3 compared to Q2 2026.
Less concerning ifShare buybacks stay the same or go up in Q3 compared to Q2 2026.
Why it matters: More cash from operations helps management focus on better spending of funds.
Supportive ifQ2 cash from operations was over $20 million.
Worry ifQ2 cash from operations was under $15 million.
Why it matters: More cuts might show bigger problems with cost management and efficiency.
Worry ifThey announced cuts to headcount of more than 6%.
Less concerning ifNo more headcount cuts were announced and efficiency got better.
Why it matters: This means the company is having a hard time improving its cash flow. Cash flow is very important for management.
Worry ifCash from operations growth in Q2 is reported below 10%.
Less concerning ifCash from operations growth in Q2 is reported at 10% or higher.
Why it matters: This shows problems with cost management. It may hurt investor confidence.
Worry ifOperating income growth is less than 1% compared to Q1 2026.
Less concerning ifOperating income growth is greater than 1% compared to Q1 2026.
Why it matters: Better operating income means the company is managing costs well. It shows more efficiency.
Supportive ifIn Q2, operating income is up from $64.9 million compared to last year.
Worry ifQ2 operating income declines or stays flat year over year.
Why it matters: A drop in cloud revenue growth could signal weakening demand and impact future guidance.
Worry ifCloud subscription revenue growth for Q3 2026 is below 25% year over year.
Less concerning ifCloud subscription revenue growth for Q3 2026 is at or above 25% year over year.
Why it matters: If adjusted operating income goes down, it may show problems with costs and profits.
Worry ifAdjusted operating income for Q3 2026 is lower than Q3 2025.
Less concerning ifAdjusted operating income for Q3 2026 is higher than or equal to Q3 2025.
Why it matters: A drop in cash flow might mean trouble with managing money and investments.
Worry ifCash flow from operations for Q3 2026 is less than Q3 2025.
Less concerning ifCash flow from operations for Q3 2026 is greater than or equal to Q3 2025.
Why it matters: A good share buyback can show that management believes in the company's value.
Supportive ifManhattan repurchases at least $100 million of shares in Q3 2026.
Worry ifManhattan does not repurchase shares or repurchases less than $100 million in Q3 2026.