Deadline Alert: Centene Corporation (CNC) Investors Who Lost Money Urged To Contact Glancy Prongay & Murray LLP About Securities Fraud Lawsuit
IF YOU SUFFERED A LOSS ON YOUR CENTENE INVESTMENTS, CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS UNDER THE FEDERAL SECURITIES LAWS.
What Happened?
On July 1, 2025, Centene announced that it was withdrawing its previous 2025 financial guidance following analysis of data from the Affordable Care Act marketplace that showed a significant revenue decline from a risk-sharing mechanism.
On this news, Centene's stock price fell $22.87, or 40.4%, to close at $33.78 per share on July 2, 2025, thereby injuring investors.
What Is The Lawsuit About?
The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) a preliminary analysis of over two-thirds of Centene's marketplace share showed lower-than-anticipated enrollment and increased aggregate market morbidity; and (2) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.
If you purchased or otherwise acquired Centene securities during the Class Period, you may move the Court no later than September 8, 2025 to request appointment as lead plaintiff in this putative class action lawsuit.
Contact Us To Participate or Learn More:
If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:
Charles Linehan, Esq.,
Glancy Prongay & Murray LLP,
1925 Century Park East, Suite 2100,
Los Angeles California 90067
Email: shareholders@glancylaw.com
Telephone: 310-201-9150,
Toll-Free: 888-773-9224
Visit our website at www.glancylaw.com.
Follow us for updates on LinkedIn, Twitter, or Facebook.
If you inquire by email, please include your mailing address, telephone number and number of shares purchased.
To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Globe and Mail
44 minutes ago
- Globe and Mail
Automatic Data Processing to Report Q4 Earnings: What's in Store?
Automatic Data Processing, Inc. ADP is scheduled to release fourth-quarter fiscal 2025 results on July 30, before market open. ADP has a decent earnings surprise history, surpassing the Zacks Consensus Estimate in the trailing four quarters, with an average surprise of 3.5%. Automatic Data Processing, Inc. Price and EPS Surprise Automatic Data Processing, Inc. price-eps-surprise | Automatic Data Processing, Inc. Quote Automatic Data Processing's Q4 Expectations The Zacks Consensus Estimate for the top line is $5.1 billion, hinting at a 5.9% year-over-year increase. We expect gains across segments to have supported revenue growth. Our estimation for fourth-quarter fiscal 2025 revenues from Employer Service is $3.4 billion, suggesting growth of 5.7% from the year-ago quarter's actual. We expect business bookings to have fueled this segment's growth. We anticipate revenues of Professional Employer Organization ('PEO') services to be $1.6 billion, indicating 5.6% year-over-year growth. The factors likely to have driven this segment are higher wages and strong retention. Our estimate for Interest on Funds held for clients is $287.9 million, implying a 4% rise from the year-ago quarter's reported figure. Stronger average client funds balance growth is anticipated to have benefited this segment. Our estimate for Average Paid PEO Worksite Employees for the quarter is 762. Changes in Pay per control are anticipated to be 0.1% for the to-be-reported quarter. The consensus estimate for earnings per share is set at $2.22, indicating a 6.2% year-over-year increase. Strong top-line growth, along with disciplined cost control, is expected to have aided the bottom line. What Our Model Says About ADP Our proven model does not conclusively predict an earnings beat for Automatic Data Processing this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that is not the case here. You can uncover the best stocks before they are reported with our Earnings ESP Filter. ADP has an Earnings ESP of -0.53% and a Zacks Rank of 3 at present. You can see the complete list of today's Zacks #1 Rank stocks here. Stocks to Consider Here are a few stocks from the broader Computer And Technology sector, which, according to our model, have the right combination of elements to beat on earnings this season. Seagate Technology STX: The Zacks Consensus Estimate for the company's fiscal fourth-quarter 2025 revenues is pegged at $2.4 billion, indicating a year-over-year increase of 27.5%. For earnings, the consensus mark is pegged at $2.46 per share, suggesting a more than 100% surge from that reported in the year-ago quarter. The company beat the Zacks Consensus Estimate in the past four quarters, with an average surprise of 15.7%. STX currently has an Earnings ESP of +2.34% and a Zacks Rank #2. The company is scheduled to declare fourth-quarter fiscal 2025 results on July 29. Apple AAPL: The Zacks Consensus Estimate for the company's third-quarter fiscal 2025 revenues is pegged at $88.9 billion, suggesting year-over-year growth of 3.7%. For earnings, the consensus mark is pegged at $1.42 per share, implying a 1.43% rise from the year-ago quarter's actual. The company beat the Zacks Consensus Estimate in the past four quarters, with an average surprise of 4.7%. AAPL has an Earnings ESP of +3.52% and a Zacks Rank #3 at present. The company is scheduled to declare third-quarter fiscal 2025 results on July 31. #1 Semiconductor Stock to Buy (Not NVDA) The incredible demand for data is fueling the market's next digital gold rush. As data centers continue to be built and constantly upgraded, the companies that provide the hardware for these behemoths will become the NVIDIAs of tomorrow. One under-the-radar chipmaker is uniquely positioned to take advantage of the next growth stage of this market. It specializes in semiconductor products that titans like NVIDIA don't build. It's just beginning to enter the spotlight, which is exactly where you want to be. See This Stock Now for Free >> Apple Inc. (AAPL): Free Stock Analysis Report
Globe and Mail
44 minutes ago
- Globe and Mail
Rigetti Gains 44% in 1 Month: Is Investor Sentiment Starting to Shift?
Rigetti Computing RGTI has surged nearly 44% over the past month, buoyed by a significant technical milestone announced on July 16. The company achieved 99.5% median two-qubit gate fidelity on its new modular 36-qubit system, marking a two-times improvement over its prior best. The system, built from four tiled 9-qubit 'chiplets,' showcases Rigetti's proprietary modular architecture — a key step toward launching a 100+ qubit chiplet-based system by late 2025. The 36-qubit system is set to go live on Aug. 15, reinforcing Rigetti's positioning as a serious full-stack quantum hardware innovator. What makes Rigetti's approach stand out is its vertically integrated model, encompassing in-house chip fabrication, modular hardware, and cloud access via QCS (Quantum Cloud Services). Unlike peers that rely on third-party infrastructure, Rigetti builds its stack end-to-end, a setup that could enable faster iteration and tighter quality control. This integration also positions the company to better align hardware and software development cycles. While Rigetti's revenue base remains relatively small and concentrated in research and government contracts, its consistent technical progress and clear product roadmap are beginning to register with investors looking for long-term potential. Peers Updates By contrast, Arqit Quantum ARQQ stock has lost 3.2% over the same period. The company, initially focused on quantum encryption, has since expanded into broader cybersecurity offerings. It continues to pursue government and defense-related engagements, including collaborations with UK-based defense agencies. However, its evolving business model and shift away from pure-play quantum narratives have led to mixed investor sentiment, as the market assesses its long-term role and differentiation within the broader quantum and cybersecurity landscape. Quantum Computing Inc. QUBT is up approximately 1% over the past month. The company focuses on software-driven quantum and AI solutions, offering platforms like Qatalyst, which aims to simplify quantum optimization through a hardware-agnostic interface. It also recently introduced Dirac, a system designed to support entropy-based quantum processing without the need for cryogenic infrastructure. QUBT is targeting enterprise and cloud-based use cases as it works to expand its footprint in the emerging quantum software space. Rigetti's Price Performance, Valuation and Estimates Shares of RGTI have gained 4.6% in the year-to-date period compared with the industry 's growth of 17.9%. From a valuation standpoint, Rigetti trades at a price-to-book ratio of 22.36, above the industry average. RGTI carries a Value Score of F. The Zacks Consensus Estimate for Rigetti's 2025 earnings implies a significant 86.1% rise from the year-ago period. The company currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. #1 Semiconductor Stock to Buy (Not NVDA) The incredible demand for data is fueling the market's next digital gold rush. As data centers continue to be built and constantly upgraded, the companies that provide the hardware for these behemoths will become the NVIDIAs of tomorrow. One under-the-radar chipmaker is uniquely positioned to take advantage of the next growth stage of this market. It specializes in semiconductor products that titans like NVIDIA don't build. It's just beginning to enter the spotlight, which is exactly where you want to be. See This Stock Now for Free >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Quantum Computing Inc. (QUBT): Free Stock Analysis Report Arqit Quantum Inc. (ARQQ): Free Stock Analysis Report Rigetti Computing, Inc. (RGTI): Free Stock Analysis Report
Toronto Sun
an hour ago
- Toronto Sun
Retaliatory tariffs padding Canada's finances as expenses rise
Published Jul 25, 2025 • 2 minute read Cranes unload shipping containers onto trucks at the Fairview Container Terminal in the Port of Prince Rupert in Prince Rupert, B.C., on Tuesday, July 15, 2025. The Port of Prince Rupert is the closest North American West Coast port to Asia and has the deepest natural harbour in North America. Photo by James MacDonald / Bloomberg Canada's retaliatory tariffs on U.S. goods are partially offsetting weaker revenue from corporate and sales taxes as federal government expenditures continue to rise. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account Revenue from customs import duties rose to $2.4 billion in April and May, according to data released Friday by Canada's Department of Finance. That's up from $842 million in the same period a year earlier, capturing revenue from retaliatory tariffs that Prime Minister Mark Carney has levied on imports of some US goods. The proceeds from the tariffs are helping to offset a decrease in corporate income tax and government sales tax revenue, which are down 15% and 17% respectively from a year earlier. That decrease is likely due to slowing economic activity caused by trade uncertainty. Analysts in a Bloomberg survey say Canada's economy is expected to contract at a 0.4% annualized rate in the second quarter. Carney's election campaign platform put expected tariff revenues at about $20 billion this fiscal year, and the prime minister has pledged to redistribute any proceeds to sectors and workers hit hardest by US President Donald Trump's barrage of trade levies on aluminum, steel and autos. Your noon-hour look at what's happening in Toronto and beyond. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again This advertisement has not loaded yet, but your article continues below. As the two countries eye a potential trade agreement on August 1, questions are mounting as to whether Carney will proceed with more reciprocal levies should a deal with Trump fail to materialize — so far he's held off on a dollar-for-dollar response, though some of the country's provincial leaders have advocated for more aggressive action. Combined, total federal government revenue in the two months was little changed relative to the same period last fiscal year, holding at around $79.6 billion. Federal government program expenses are rising, the data show, and are up 4% from the previous fiscal year, totaling $75.8 billion. Employment insurance benefits are 9.1% higher, while operating expenses rose 7.3% to $18.6 billion. Debt charges rose 3.8% to $9.6 billion. This advertisement has not loaded yet, but your article continues below. Earlier this month, Finance Minister Francois-Philippe Champagne tasked cabinet ministers with cutting expenditures in the government and public service. Some departments have warned their employees that the cost reductions could lead to layoffs. Economists and the country's Parliamentary Budget Officer have warned that Carney's infrastructure and defense expenditures are likely to push the federal deficit much deeper this fiscal year. The C.D. Howe Institute expects the fiscal shortfall to total $92.2 billion. In December, the Liberal government had forecast a deficit of $42.2 billion. Carney has pushed the release of the country's federal budget to October — it's typically delivered in the first half of the year. The finance department has issued a debt management strategy, with gross bond and bill issuance set to exceed the COVID-19 pandemic era. — With assistance from Mario Baker Ramirez. Read More Hockey Toronto & GTA Sports Toronto & GTA Columnists
