We are investigating Diebold Nixdorf, Incorporated (DBD) (“Diebold Nixdorf” or the “Company”) for potential violations of the federal securities laws.
On July 5, 2017, Diebold Nixdorf disclosed that the Company expected a wider net loss than indicated in its prior guidance for fiscal 2017, from a range of $50 to $75 million to a range of $110 to $125 million net loss. The Company attributed the lowered expectations to a delay in systems rollouts as well as a longer customer decision-making process and order-to-revenue conversion cycle. Following this news, Diebold Nixdorf’s stock price fell $6.28 per share, or nearly 23%, to close at $21.20 per share on July 5, 2017.