Paycom Software Says Continuing To Evaluate Impact Of Vendor Incident, Including Certain Remediation Expenses And Other Potential Liabilities
Portfolio Pulse from Benzinga Newsdesk
Paycom Software is currently evaluating the impact of a vendor incident, which includes certain remediation expenses and other potential liabilities.
July 20, 2023 | 9:35 pm
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NEUTRAL IMPACT
Progress Software was mentioned passively in the article, with no direct impact from the vendor incident at Paycom Software.
Progress Software was mentioned in the article, but there was no information provided that would directly impact the company or its stock price. Therefore, the short-term impact on PRGS is neutral.
CONFIDENCE 90
IMPORTANCE 10
RELEVANCE 10
NEGATIVE IMPACT
Paycom Software is assessing the impact of a vendor incident, which may lead to remediation expenses and potential liabilities.
The vendor incident at Paycom Software could lead to additional expenses and liabilities for the company. This could negatively impact the company's financial performance in the short term, leading to a potential decrease in the stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100