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

318.00

Mkt cap

16B

Volume

165K

High

318.83

P/E Ratio

383.25

52-wk high

322.41

Low

312.01

Div yield

N/A

52-wk low

133.50

U.S. stocks were mostly lower on Monday, with the Dow Jones index falling around 150 points. However, several stocks saw significant gains. KE Holdings (NYSE:BEKE) rose 6.9% after reporting better-than-expected Q2 results and increasing its repurchase authorization. Revance Therapeutics (NASDAQ:RVNC) surged 85.4% following a merger agreement with Crown Laboratories. KeyCorp (NYSE:KEY) shares jumped 13% after Scotiabank acquired a 14.9% stake. Other notable gainers included Montauk Renewables (NASDAQ:MNTK), New Fortress Energy (NASDAQ:NFE), and Starbucks (NASDAQ:SBUX).

Portfolio Pulse from Avi Kapoor

August 12, 2024 | 2:09 pm

U.S. stocks traded lower with the Dow Jones falling 150 points. Monday.com reported better-than-expected earnings, while Greenlane Holdings, Revance Therapeutics, and Interactive Strength saw significant stock price increases. B. Riley Financial, Neuronetics, and iLearningEngines experienced sharp declines.

Portfolio Pulse from Avi Kapoor

August 12, 2024 | 1:49 pm

Monday.com Ltd (NASDAQ:MNDY) reported strong Q2 2024 earnings, with revenue and EPS beating analyst estimates. The company showed high customer retention and rising ARR, leading to a stock price increase. Guidance for Q3 and 2024 was also raised.

Portfolio Pulse from Anusuya Lahiri

August 12, 2024 | 12:24 pm

Nasdaq and S&P 500 futures climbed after a volatile week, with traders focusing on upcoming inflation data and retail earnings from Home Depot and Walmart. KeyCorp shares rose due to Scotiabank's minority stake purchase, while Hawaiian Electric fell after raising a going concern warning. Ballard Power Systems, Barrick Gold, and Monday.com are set to report earnings. The VIX held below 21, and geopolitical tensions rose with Hezbollah's rocket attacks on Israel.

Portfolio Pulse from Shanthi Rexaline

August 12, 2024 | 11:31 am

monday.com shares are trading higher following better-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 11:12 am

monday.com Ltd has provided its financial outlook for Q3 and FY24, expecting revenues to exceed analyst estimates. The company forecasts Q3 revenue between $243M and $247M and FY24 revenue between $956M and $961M, both above current estimates. Additionally, the company anticipates strong non-GAAP operating income and free cash flow margins.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 11:06 am

Monday.com reported its Q2 earnings with an adjusted EPS of $0.94, surpassing the estimate of $0.56. The company's sales also exceeded expectations, coming in at $236.11 million compared to the estimated $229.00 million.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 11:01 am

U.S. stocks settled higher on Friday despite recording losses earlier in the week. The Dow and Nasdaq fell by 0.6% and 0.18% respectively over the week. Doximity, Inc. (DOCS) shares surged 38.7% after strong Q1 results and positive FY24 revenue guidance. Iteris, Inc. (ITI) shares jumped 63.6% following an acquisition announcement. Investors are awaiting earnings results from Monday.com Ltd. (MNDY), Sun Life Financial Inc. (SLF), and KE Holdings Inc. (BEKE). The CNN Money Fear and Greed index remains in the 'Extreme Fear' zone.

Portfolio Pulse from Avi Kapoor

August 12, 2024 | 7:39 am

U.S. stock futures are trading mixed this morning. Key stocks to watch include Monday.com, Sun Life Financial, BRT Apartments, Fortrea Holdings, and KE Holdings, all of which are expected to report their quarterly earnings today.

Portfolio Pulse from Avi Kapoor

August 12, 2024 | 7:32 am

Whales have taken a bearish stance on Monday.Com (NASDAQ:MNDY) with 60% of recent options trades being puts. The total value of these trades is $415,100 for puts and $54,300 for calls. The price window eyed by big players is between $200.0 and $240.0. Current trading volume is 209,180 with the stock price up by 2.65% at $221.62. Analysts have mixed ratings with an average target price of $260.0.

Portfolio Pulse from Benzinga Insights

August 09, 2024 | 3:15 pm

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