Monday.com Stock Gains 20% YTD On New Product Growth And Upmarket Progress [Forbes]
monday.com Ltd. - Ordinary Shares (MNDY)
Company Research
Source: Forbes
The latest quarterly results from Monday.com (MNDY), a provider of a work management software platform, showed that the company's two big trends—robust new product adoption and steady expansion in the enterprise customer segment—remain in full force. After rising 53.9% in 2023, Monday shares are up 20% YTD. Last month, Monday reported that Q4 revenue rose 35% to $202.5 million, topping the consensus estimate of $197.9 million. Per-share earnings of 65 cents came in 33 cents above the consensus. Gross margin held steady year over year at 90%. Operating margin of 10% easily beat the outlook of 4% to 5%. The total paid customer base advanced 21% to 225,231. The number of customers with 10 or more users rose 21% to 53,688. The net retention rate for customers with 10+ users was 115%, in line with expectations. Net retention is expected to begin to rebound later this year. On the product front, demand remains healthy for Monday's core work management solutions, where about 70% of al
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News
- Monday.com (MNDY) Beats Stock Market Upswing: What Investors Need to Know [Yahoo! Finance]Yahoo! Finance
- monday.com Ltd. (NASDAQ: MNDY) had its price target lowered by analysts at Canaccord Genuity Group Inc. from $250.00 to $220.00. They now have a "buy" rating on the stock.MarketBeat
- monday.com to Announce First Quarter 2024 Financial Results on Wednesday, May 15, 2024Business Wire
- Why monday.com Ltd. (NASDAQ:MNDY) Could Be Worth Watching [Yahoo! Finance]Yahoo! Finance
- 5 Ways To Set Up Elite Dashboards [Forbes]Forbes
MNDY
Earnings
- 2/12/24 - Beat
MNDY
Sec Filings
- 4/1/24 - Form 144
- 4/1/24 - Form 144
- 3/18/24 - Form 6-K
- MNDY's page on the SEC website