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Stock impact report

Why Shares of SVMK Surged Today [The Motley Fool]

SVMK INC COMMON (SVMK) 
Last svmk inc common earnings: 2/13 04:02 pm Check Earnings Report
Company Research Source: The Motley Fool
Why Shares of SVMK Surged Today The software company reported strong growth and provided solid guidance. Shares of SVMK ( NASDAQ:SVMK ) , the parent company of SurveyMonkey, jumped on Friday following a fourth-quarter report that beat analyst expectations. Revenue was up by a double-digit percentage, and the company's guidance called for similar growth in 2020. The stock was up about 18.9% at 12:20 p.m. EST today. Fourth-quarter revenue was $84.3 million, up 24% year over year and about $500,000 higher than the average analyst estimate. Enterprise sales accounted for 25% of total revenue, up from 13% in the prior-year period. The company had 6,578 enterprise customers at the end of the quarter, up 84% year over year, and 720,921 paying users, up 11%. Non- GAAP (adjusted) earnings per share came in at a loss of $0.02, an improvement from a loss of $0.03 in the prior-year period and $0.02 better than analysts were expecting. The company produced free cash flow of $6.6 million in the fo Show less Read more
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