WalkMe Sees Q4 Revenue $67M-$68M vs $69.11M Est., Revised FY23 Revenue To $266.1M-$267.1M From $266M-$270M vs $271.97M Est.
Portfolio Pulse from Benzinga Newsdesk
WalkMe Ltd. has reported its Q4 revenue forecast to be between $67M-$68M, which is below the estimated $69.11M. Additionally, the company has revised its full-year 2023 revenue guidance to $266.1M-$267.1M, down from the previous range of $266M-$270M and below the estimated $271.97M.
November 14, 2023 | 12:07 pm
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NEGATIVE IMPACT
WalkMe Ltd. has lowered its Q4 and FY23 revenue forecasts, which are now below analysts' estimates. This could negatively impact investor sentiment and the stock price in the short term.
When a company announces revenue forecasts that are below analysts' expectations, it often leads to a negative investor reaction and a potential decrease in stock price. WalkMe's revised revenue guidance for both Q4 and the full year is likely to disappoint investors, which could result in a short-term decline in the stock's value.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100