Smartsheet (SMAR) Stock Trades Down, Here Is Why [Yahoo! Finance]
Smartsheet Inc. Class A (SMAR)
Last smartsheet inc. class a earnings: 3/17 04:21 pm
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Source: Yahoo! Finance
results with revenue guidance for the next quarter and full year below expectations. The biggest issue in the quarter stemmed from "tighter domestic spending tied to the current macro environment negatively impacting expansion, particularly in the SMB segment..." The company noted that the impact of the headwinds was worse in the quarter than it was previously. As a result, it wasn't surprising that guidance underwhelmed as management expects the headwinds in the SMB space to continue to be under pressure in FY'25. On the other hand, Smartsheet exceeded revenue and billings narrowly during the quarter. Notably, the company crossed the $1 billion ARR threshold during the quarter, in line with the target set at its first Analyst Day in 2018. Lately, the company announced the retirement of Chief Marketing Officer Andrew Bennett, who had been with Smartsheet for nearly ten years. It also announced the appointment of Max Long as President of Go-to-Market. Overall, it was a mixed quarter
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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