Smartsheet Stock: Still Unjustifiably Cheap [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
FG Trade/E+ via Getty ImagesInvestment thesisSmartsheet (NYSE:SMARto take advantage of this. Although this results in continuing losses, the path towards profitability seems to be clear, and it's not even far on the horizon. Despite the strong fundamental picture valuation seems to be really conservative, which leaves ample room for the share price to increase.A shorter-term positive catalyst could be Smartsheet's next earnings release, which could sooth investors' nerves around billings growth. A longer-term catalyst for shares could be FCF margin turning into positive territory, which based on seasonal patterns could happen in the back half of the year.Smartsheet's revenue hit, billings dipSmartsheet shares fell ~7% on the 8th of June after its FY23Q1 earnings release, while the Nasdaq Composite (IXIC) fell 0.7% on the same day. This showed that the initial reaction for quarterly results has been quite negative, which was caused by the softer than usual billings print for Q1. In the
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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