Weave Communications shares are trading higher after the company reported better-than-expected Q2 revenue results. Also, the company raised its FY24 revenue guidance and issued Q3 revenue guidance above estimates.
Portfolio Pulse from Benzinga Newsdesk
Weave Communications shares are trading higher after the company reported better-than-expected Q2 revenue results. Additionally, the company raised its FY24 revenue guidance and issued Q3 revenue guidance above estimates.
August 01, 2024 | 3:35 pm
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Weave Communications shares are trading higher following the announcement of better-than-expected Q2 revenue results. The company also raised its FY24 revenue guidance and issued Q3 revenue guidance above estimates.
The better-than-expected Q2 revenue results and the raised FY24 and Q3 revenue guidance are positive indicators for Weave Communications' financial health and future performance. This is likely to boost investor confidence and drive the stock price higher in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100