Why Is Manhattan Associates (MANH) Stock Rocketing Higher Today

What Happened?

Shares of supply chain optimization software maker Manhattan Associates (NASDAQ:MANH) jumped 11.4% in the morning session after the company reported first-quarter 2025 results that significantly exceeded analysts' expectations across revenue, EPS, and EBITDA. The key highlight for the quarter was a 25% increase in remaining performance obligations, a forward-looking measure that signals sustained demand for its cloud products. 

Looking ahead, Manhattan Associates also raised its full-year EPS guidance, which was encouraging. Overall, we think this was a solid quarter with some key areas of upside.

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What The Market Is Telling Us

Manhattan Associates’s shares are somewhat volatile and have had 12 moves greater than 5% over the last year. But moves this big are rare even for Manhattan Associates and indicate this news significantly impacted the market’s perception of the business.

The biggest move we wrote about over the last year was 3 months ago when the stock dropped 25.6% on the news that the company reported weak fourth-quarter results: Its revenue guidance for next year suggests a significant slowdown in demand, and its full-year revenue guidance fell short of Wall Street's estimates. 

Moving down the income statement, full-year EPS guidance also came in below expectations. On the other hand, MANH beat EPS expectations on revenue, which came in slightly ahead of Wall Street's estimates. Overall, this was a weaker quarter, with the outlook weighing on shares.

Manhattan Associates is down 34.1% since the beginning of the year, and at $177.24 per share, it is trading 42.8% below its 52-week high of $309.78 from December 2024. Investors who bought $1,000 worth of Manhattan Associates’s shares 5 years ago would now be looking at an investment worth $3,159.

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