Paycom forecasts annual revenue below estimates, veteran CFO Craig Boelte resigns
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Paycom Software has forecasted its full-year 2025 revenue below market estimates, leading to a 3.3% drop in its share price. Additionally, the company's veteran CFO, Craig Boelte, has resigned.
February 12, 2025 | 10:15 pm
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Paycom Software's forecast for 2025 revenue is below market expectations, and the resignation of its veteran CFO, Craig Boelte, has led to a 3.3% drop in share price.
The combination of a revenue forecast below market expectations and the resignation of a long-standing CFO is likely to negatively impact investor confidence, leading to a short-term decline in Paycom's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100