Temenos Shares Jump As Investors Greet ‘More Realistic’ Targets

Temenos AGshares jumped after the Swiss banking software company pushed back its mid-term targets by one year to 2028, a move that was welcomed by investors as more realistic.

The Geneva-based company’s new Chief Executive Officer Jean-Pierre Brulard used an investor day Tuesday to seek to move past this year’s short-seller allegations and several guidance cuts.

“The goal for today is to reassure investors of a growing strategy built on the solid foundation of the company,” Brulard said in an interview with Bloomberg Television’s Tom Mackenzie. Brulard added that the US is their main focus at the moment, ...