Poor forecast led to stock plu

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2024-11-11

Poor forecast led to stock plunge...

Stock Track | monday.com Stock Plunges Despite Solid Q3 Results on Lower Q4 Guidance

Shares of monday.com Ltd. plunged over 12% in pre-market trading on Monday, despite reporting strong third-quarter results. The company's stock took a hit after it lowered its revenue guidance for the fourth quarter of 2024.For the third quarter ended September 30, 2024, monday.com reported revenue of $251 million, an increase of 33% year-over-year. The company achieved a significant milestone by surpassing $1 billion in annual recurring revenue .On the profitability front, monday.com posted no

Stock Track | monday.com Stock Plunges Despite Solid Q3 Results on Lower Q4 Guidance

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The company's stock took a hit after it lowered its revenue guidance for the fourth quarter of 2024.For the third quarter ended September 30, 2024, monday.com reported revenue of $251 million, an increase of 33% year-over-year. The company achieved a significant milestone by surpassing $1 billion in annual recurring revenue .On the profitability front, monday.com posted no","content":"<p>Shares of monday.com Ltd. (NASDAQ:MNDY) plunged over 12% in pre-market trading on Monday, despite reporting strong third-quarter results. The company's stock took a hit after it lowered its revenue guidance for the fourth quarter of 2024.</p>\n\n<p>For the third quarter ended September 30, 2024, monday.com reported revenue of $251 million, an increase of 33% year-over-year. 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(NASDAQ:MNDY) plunged over 12% in pre-market trading on Monday, despite reporting strong third-quarter results. The company's stock took a hit after it lowered its revenue guidance for the fourth quarter of 2024.</p>\n\n<p>For the third quarter ended September 30, 2024, monday.com reported revenue of $251 million, an increase of 33% year-over-year. The company achieved a significant milestone by surpassing $1 billion in annual recurring revenue (ARR).</p>\n\n<p>On the profitability front, monday.com posted non-GAAP operating income of $32.2 million, representing an operating margin of 13%. The company's net dollar retention rate, a key metric for subscription businesses, increased to 111%, indicating strong customer loyalty and expansion.</p>\n\n<p>monday.com's co-founders and co-CEOs, Roy Mann and Eran Zinman, highlighted the company's consistent execution and focus on deepening product capabilities as drivers of the solid third-quarter performance.</p>\n\n<p>However, the company's guidance for the fourth quarter fell short of expectations. monday.com projected revenue in the range of $260 million to $262 million, representing year-over-year growth of 28% to 29%, lower than analysts' estimates.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MNDY":"Monday.com Ltd."},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140663198","content_text":"Shares of monday.com Ltd. (NASDAQ:MNDY) plunged over 12% in pre-market trading on Monday, despite reporting strong third-quarter results. The company's stock took a hit after it lowered its revenue guidance for the fourth quarter of 2024.\nFor the third quarter ended September 30, 2024, monday.com reported revenue of $251 million, an increase of 33% year-over-year. The company achieved a significant milestone by surpassing $1 billion in annual recurring revenue (ARR).\nOn the profitability front, monday.com posted non-GAAP operating income of $32.2 million, representing an operating margin of 13%. The company's net dollar retention rate, a key metric for subscription businesses, increased to 111%, indicating strong customer loyalty and expansion.\nmonday.com's co-founders and co-CEOs, Roy Mann and Eran Zinman, highlighted the company's consistent execution and focus on deepening product capabilities as drivers of the solid third-quarter performance.\nHowever, the company's guidance for the fourth quarter fell short of expectations. monday.com projected revenue in the range of $260 million to $262 million, representing year-over-year growth of 28% to 29%, lower than analysts' estimates.","news_type":1},"isVote":1,"tweetType":1,"viewCount":238,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":31,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}