SurveyMonkey: Best Growth In 4 Quarters [Seeking Alpha]
SVMK INC COMMON (SVMK)
Last svmk inc common earnings: 2/13 04:02 pm
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Source: Seeking Alpha
SurveyMonkey: Best Growth In 4 Quarters Summary Shares of SurveyMonkey soared nearly 20% after reporting a blowout second quarter. Revenue growth accelerated to 20% y/y, three points stronger than the previous quarter and substantially higher than Wall Street's expectations. SurveyMokey noted that its recently-launched Teams product continues to see strong traction, while more users shift into higher-value annual customers. The company continues to expect high teens to 20% growth rates for both Q3 and the rest of FY19. Despite having been largely ignored since its IPO, SurveyMonkey ( SVMK MDLA Now at an all-time high since its IPO last September at just $12 per share, I believe there's still plenty of upside left in SurveyMonkey. The company turned in rather lackluster performance in FY18, but a spate of new products as well as enterprise adoption have really given SurveyMonkey a lot of momentum in the first half of FY19, as evidenced by the company's accelerated revenue growth. As I
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