Smartsheet revenue up 17% to $286.9M in Q3 as enterprise giant preps to go private
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Smartsheet reported a 17% increase in revenue for Q3, reaching $286.9 million, as the company prepares to go private.
December 05, 2024 | 9:45 pm
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Smartsheet's Q3 revenue increased by 17% to $286.9 million, indicating strong performance. The company is also preparing to go private, which could impact its stock price.
The 17% revenue increase suggests strong business performance, which is typically positive for stock prices. Additionally, the move to go private could lead to a buyout premium, further boosting the stock in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100