Hindenburg Throws Swiss Fintech Temenos Into Turmoil With Report.

FINANCIAL technology; STOCKS (Finance); STOCK prices; INVESTORS; FREE cash flow

Swiss fintech company Temenos AG is facing turmoil after a report by Hindenburg Research alleged serious flaws in the company's books, including "major accounting irregularities" and manipulated earnings. Temenos denies the report and plans to counter the claims at its Capital Markets Day. Hindenburg Research has a track record of taking on high-profile businessmen and causing significant drops in their firms' market capitalization. Temenos' shares have dropped 28% following the report, and the company is now worth about a third of its 2019 peak. [Extracted from the article]

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