As previously disclosed, the company believes the cybersecurity attack has been contained and the company is making progress in restoring its systems and operations. On Sept. 25, Clorox began the process of transitioning back to automated order processing and the vast majority of orders are now taking place in an automated manner, which is enabling the company to ramp up output and shipments to rebuild retailer inventories. Clorox expects the process of restocking retailer inventories will occur over time as it ships above consumption levels.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on CLX:
- Clorox Stock (NYSE:CLX) Should Get Back on Track after Cyberattack
- Can Clorox (NYSE:CLX) Disinfect from the Cyber Mess?
- Reynolds Consumer Products upgraded to Neutral from Sell at Goldman Sachs
- Rivian upgraded, SolarEdge downgraded: Wall Street’s top analyst calls
- Clorox upgraded to Buy at DA Davidson following 18% pullback