Streetbeat News

MNDY

monday.com Ltd.

https://www.monday.com

Industry

Software - Application

monday.com Ltd., together with its subsidiaries, develops software applications in the United States, Europe, the Middle East, Africa, and internationally. It provides Work OS, a cloud-based visual work operating system that consists of modular building blocks used and assembled to create software applications and work management tools. The company also offers product solutions for marketing, CRM, project management, software development, and other fields; and business development, presale, and customer success services. It serves organizations, educational or government institution, and distinct business unit of an organization. The company was formerly known as DaPulse Labs Ltd. and changed its name to monday.com Ltd. in November 2017. monday.com Ltd. was incorporated in 2012 and is headquartered in Tel Aviv-Yafo, Israel.

Open

264.41

Mkt cap

13B

Volume

852K

High

267.00

P/E Ratio

611.37

52-wk high

324.99

Low

257.75

Div yield

N/A

52-wk low

167.00

Monday.Com (MNDY) reported Q4 adjusted EPS of $0.65, surpassing the $0.32 estimate, with sales of $202.57M beating the $197.95M estimate. Millennium Group International (MGIH) shares surged 139% premarket after YC 1926 (BVI) Limited disclosed an 88.89% stake. Beamr (BMR) and NVIDIA announced a partnership to accelerate the adoption of the AV1 video standard.

Portfolio Pulse from ryanfaloona@benzinga.com

February 12, 2024 | 1:47 pm

In Monday's pre-market trading session, monday.com Ltd. (MNDY) shares fell sharply after reporting Q4 financial results, with adjusted earnings of 65 cents per share on sales of $202.57 million. Other stocks experiencing declines include AN2 Therapeutics, Inc. (ANTX), TELUS International (Cda) Inc. (TIXT), Applied Digital Corporation (APLD), Precigen, Inc. (PGEN), Microvast Holdings, Inc. (MVST), Wynn Resorts, Limited (WYNN), Larimar Therapeutics, Inc. (LRMR), and Manchester United plc (MANU), each for various reasons ranging from disappointing financial results to regulatory updates.

Portfolio Pulse from Avi Kapoor

February 12, 2024 | 1:16 pm

In Monday's pre-market session, several Information Technology stocks showed significant movements. Genasys, Rackspace Tech, and SMX were among the top gainers, with increases of 17.7%, 13.77%, and 11.11% respectively. On the losing side, LightPath Technologies, MicroCloud Hologram, and Monday.Com experienced declines of 19.8%, 13.82%, and 11.31% respectively. Notably, earnings reports influenced some of these movements, with Amtech Systems, LightPath Technologies, and Monday.Com releasing their financial results.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 1:05 pm

Monday.com Ltd (NASDAQ:MNDY) reported Q4 2023 revenue growth of 35% Y/Y to $202.57 million, surpassing consensus estimates. Adjusted EPS was $0.65, beating the consensus of $0.32. Despite positive financial results, MNDY shares dropped 9.76% in premarket trading. The company also reported a net dollar retention rate of 110%, a 56% Y/Y increase in paid customers with over $50,000 in ARR, and strong cash flows. CFO Eliran Glazer expressed confidence in future growth despite economic challenges. Monday.com provided an optimistic outlook for Q1 and FY24 revenues and adjusted operating margins.

Portfolio Pulse from Anusuya Lahiri

February 12, 2024 | 1:02 pm

Monday.com's shares are trading lower despite the company reporting Q4 results that exceeded estimates and providing FY24 guidance.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 12:55 pm

U.S. stock futures showed indecision ahead of key inflation data and earnings reports. Positive tech earnings and crude oil rally lifted markets last week, with major indices reaching new highs. Analysts express optimism but caution over valuations. SPDR S&P 500 ETF Trust and Invesco QQQ ETF saw premarket gains. Rivian Automotive fell on negative analyst action. Companies like Arista Networks, Avis Budget Group, and others are set to report earnings. Crude oil prices and bond yields remained steady.

Portfolio Pulse from Shanthi Rexaline

February 12, 2024 | 12:19 pm

Monday.Com (NASDAQ:MNDY) reported Q4 adjusted EPS of $0.65, surpassing the $0.32 estimate, with sales of $202.57M also beating the $197.95M estimate. This represents a significant increase over the previous year's figures.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 12:03 pm

Numerous companies are scheduled to report their earnings on February 12, 2024, with expectations spanning from losses to significant profits across various sectors. Key reports include Goodyear Tire & Rubber with expected earnings of $0.36 per share on $5.39 billion revenue, and Avis Budget Group projecting earnings of $4.15 per share on $2.81 billion revenue. The diversity in performance indicators reflects a broad economic landscape, potentially influencing market movements.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 10:21 am

Monday.Com (NASDAQ:MNDY) is anticipated to report a quarterly EPS of $0.32 on 2024-02-12. Historical data shows a positive correlation between earnings performance and stock price movement. Last quarter, MNDY exceeded EPS estimates by $0.44, leading to a 5.72% stock price increase. Over the past year, MNDY shares have risen by 59.58%, indicating a bullish sentiment among long-term investors.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 2:01 pm

Keybanc analyst Jason Celino has maintained an Overweight rating on Monday.Com (NASDAQ:MNDY) and increased the price target from $220 to $238.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 10:05 am

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