Why Did Cantaloupe Plunge 27.45% After Revenue Miss?

On May 9, 2025, Cantaloupe experienced a significant drop of 27.45% in pre-market trading, marking a notable decline in its stock performance.

Cantaloupe reported its third-quarter revenue figures, reaching $75.4 million, which fell short of analysts' expectations of $79.83 million. Despite the revenue miss, the company experienced robust adoption of its smart store solutions during the period. Additionally, Cantaloupe saw significant growth in earnings and improved cash flow. The firm attributes its ongoing success to enhanced operating leverage, achieved through strategic margin expansion.

Wall Street analysts have provided a range of price targets for Cantaloupe, with an average target price of $12.50, indicating a potential upside of 51.15% from the current price. The consensus recommendation from brokerage firms is an "Outperform" status, suggesting a positive outlook for the company's future performance.