SurveyMonkey: Enterprise Demand Is Driving Acceleration [Seeking Alpha]
SVMK INC COMMON (SVMK)
Last svmk inc common earnings: 2/13 04:02 pm
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Source: Seeking Alpha
Summary SurveyMonkey shares shot up nearly 20% after reporting strong beats to expectations in the fourth quarter. Revenue growth accelerated to 24% y/y, up from 22% y/y in the prior quarter. Key to SurveyMonkey's success is its greater focus on enterprise sales. The company has nearly doubled its enterprise customer base, which now represents ~25% of total revenues. SurveyMonkey's team of dedicated enterprise sales reps has also more than doubled since the start of 2019. Though no longer as cheap as in the past, SurveyMonkey still looks reasonably valued at ~8x forward revenues. SurveyMonkey ( SVMK But it finally looks like SurveyMonkey has found its footing and is ready to rally. The company just reported fourth-quarter results - which is not only the best reaction the stock market has ever had to a SurveyMonkey earnings release, but also its strongest quarter of growth since going public. Shares of SurveyMonkey rocketed up nearly 20% on the news: To me, this rise represents the beg
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