Smartsheet Q4 Earnings: Do Not Buy This Dip (Rating Downgrade) [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 introduction of AI features and a strong financial position offer some promise, but challenges remain in a competitive market. Smartsheet stock's forward non-GAAP EPS valuation of 34x is considered richly priced, leading to a sell rating. Looking for a helping hand in the market? Members of Deep Value Returns get exclusive ideas and guidance to navigate any climate. Learn More » Investment Thesis Smartsheet Inc. NYSE: SMAR ) fiscal Q4 2024 disappointed investors. This is how I see SMAR: you have a stock that carries a punchy valuation at 34x forward non-GAAP EPS, facing decelerating growth rates, and where the underlying profitability of the business has for the most part maxed out and gone as far as it can go, for now. With so many bargains in the market right now, I'm issuing a sell rating on SMAR. Rapid Recap Back in September, I said in a neutral analysis The slowdown in customer adoption rates raises questions about future growth, and the stock's valuation,
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SMAR
News
- Smartsheet Announces $150 Million Share Repurchase Program [Yahoo! Finance]Yahoo! Finance
- Smartsheet Announces $150 Million Share Repurchase ProgramBusiness Wire
- Unpacking Q4 Earnings: Smartsheet (NYSE:SMAR) In The Context Of Other Project Management Software Stocks [Yahoo! Finance]Yahoo! Finance
- Celigo Sets New Standards in Integration with AI, Prebuilt Solutions, and Unprecedented Connectivity [Yahoo! Finance]Yahoo! Finance
- Smartsheet Appoints Jo Deal as Chief People Officer [Yahoo! Finance]Yahoo! Finance
SMAR
Earnings
- 3/14/24 - Beat
SMAR
Sec Filings
- 4/19/24 - Form 8-K
- 4/15/24 - Form 4
- 4/11/24 - Form 144
- SMAR's page on the SEC website