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

Needham analyst Scott Berg maintains a Buy rating on Monday.Com (NASDAQ:MNDY) and raises the price target from $230 to $250.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 4:44 pm

The article highlights the intraday movements of various Information Technology stocks on Wednesday. Notable gainers include AEye, Telos, WiSA Technologies, Monday.Com, Canaan, and Riskified, while significant losers include Pixelworks, MicroCloud Hologram, MMTEC, Maxeon Solar Technologies, Zapata Computing Holdings, and Nortech Systems.

Portfolio Pulse from Benzinga Insights

May 15, 2024 | 4:31 pm

NEXTracker Inc. (NASDAQ:NXT) reported better-than-expected Q4 earnings, leading to a 7.7% rise in its stock price. Other notable gainers include monday.com Ltd. (NASDAQ:MNDY), BioCryst Pharmaceuticals, Inc. (NASDAQ:BCRX), and Nu Holdings Ltd. (NYSE:NU), among others.

Portfolio Pulse from Avi Kapoor

May 15, 2024 | 2:22 pm

Monday.com Ltd (NASDAQ:MNDY) reported strong fiscal first-quarter 2024 earnings, with revenue growth of 34% Y/Y to $216.9 million, beating analyst estimates. The company's adjusted EPS of $0.61 also surpassed expectations. The stock price gained significantly following the results. The company saw a 48% increase in high-value customers and improved operating margins. Monday.com provided an optimistic outlook for Q2 and 2024. Investors can gain exposure via SPDR S&P Kensho New Economies Composite ETF (NYSE:KOMP) and iShares Core MSCI Total International Stock ETF (NASDAQ:IXUS).

Portfolio Pulse from Anusuya Lahiri

May 15, 2024 | 1:19 pm

Market-Moving News for May 15th: Edible Garden (EDBL), Monday.com (MNDY), and Arcutis Biotherapeutics (ARQT) shares are trading higher following their Q1 financial results. EDBL saw an 87% increase, MNDY a 22% increase, and ARQT a 38% increase.

Portfolio Pulse from ryanfaloona@benzinga.com

May 15, 2024 | 12:33 pm

Monday.com shares are trading higher after the company reported better-than-expected Q1 financial results and issued Q2 and FY24 revenue guidance above estimates.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 11:29 am

Monday.com has updated its revenue guidance for 2024, expecting total revenue between $942 million and $948 million, up from the previous estimate of $926 million to $932 million. This represents a year-over-year growth of 29% to 30%. The company also expects non-GAAP operating income of $77 million to $83 million, an operating margin of 8% to 9%, and free cash flow of $238 million to $244 million with a free cash flow margin of 25% to 26%.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 11:08 am

U.S. stock futures were flat as investors awaited the April CPI report, which is expected to influence Federal Reserve interest rate decisions. The futures market predicts a high likelihood of rate cuts by September. Meme stocks like GameStop and AMC saw significant premarket gains. SPDR S&P 500 ETF Trust and Invesco QQQ ETF showed minor movements. Analysts are optimistic about May's market performance, citing high cash reserves and falling bond yields.

Portfolio Pulse from Shanthi Rexaline

May 15, 2024 | 11:08 am

Monday.com has provided its financial outlook for Q2 FY2024, expecting total revenue between $226 million and $230 million, representing a 29% to 31% year-over-year growth. The company also anticipates a non-GAAP operating income of $17 million to $21 million and a free cash flow of $47 million to $51 million.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 11:06 am

Monday.Com (NASDAQ:MNDY) reported Q1 2024 earnings of $0.61 per share, surpassing the analyst estimate of $0.40 by 52.5%. The company also reported sales of $216.913 million, beating the estimate of $210.419 million by 3.09%. This represents a 33.69% increase over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 11:03 am

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