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Why Agilysys Stock Fell Sharply on Wednesday

TheMotleyFool

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Why Agilysys Stock Fell Sharply on WednesdayPhoto, wide shot, wide-angle lens, Data analytics provider, Midday, harsh overhead sunlight, directional sunlightt, photo by Ansel Adams: https://img.midjourneyapi.xyz/temp/d1295d04-cceb-4f1c-be2b-32ca46621336.png

Shares of software specialist Agilysys (NASDAQ: AGYS) fell sharply on Wednesday. The stock declined as much as 21.1%. As of 2 p.m. EST, however, shares were down about 18%.

The stock's pullback follows the hospitality-focused software company's fiscal third-quarter earnings report. The tech stock is likely taking a hit because management's guidance for fiscal fourth-quarter revenue was weaker than expected.

Image source: Getty Images.

Source Fool.com

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