Kyndryl (KD) Stock Plummets 53% After Delayed Filing and CFO Departure

TLDR Kyndryl (KD) stock tanked 53% to $11.05 after company delayed filing quarterly report over internal control problems Material weaknesses in financial reporting controls identified across fiscal 2025 and first half of fiscal 2026 CFO David Wyshner and Global Controller Vineet Khurana departed, both replaced with interim executives Company reduced fiscal 2026 revenue forecast to [...]

The post Kyndryl (KD) Stock Plummets 53% After Delayed Filing and CFO Departure appeared first on Blockonomi.