Smartsheet: Once A Highly Valued Highflyer Now A Profitable GARP Story [Seeking Alpha]
Smartsheet Inc. Class A (SMAR)
Last smartsheet inc. class a earnings: 3/17 04:21 pm
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Source: Seeking Alpha
The company's Q2 earnings release should have alleviated investor concerns, with reaffirmed billings growth and strong profitability. Smartsheet is gaining market share in the workflow management space and is expected to continue growing in the future. The company's AI releases have reached general availability and should start to become a tailwind to revenue growth next quarter. The company's business model has shown substantial improvement as expense discipline has significantly improved, and gross margins have remained above 80%. Smartsheet: Putting some investor concerns to rest: It may hard to accept that Smartsheet ( NYSE: SMAR ) has now become a GARP story. Like many high growth IT companies it started its life as a public company valued stratospherically. As percentage revenue growth decelerated and valuations of most high growth IT companies compressed, Smartsheet valuation fell substantially . I don't purport to know the interstices of reading charts; that said, t
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