Monday.com ltd. (nasdaq: mndy) dropped to an all-time intraday low of $ 173.20 Before Elements in the Company’s Second-Quarter Update and Rising Customer Acquisition Costs in Smb Channels.
The seloff followed q2 results that tubped headline estimates but shaped investor focus on guidance and profitability trends: Revenue Rose 26.6% Year Over Year to $ 299.0 million, with non-gaap eps of $ 1.09, but gaap operating margin compressed and free cash flow Stoking Concerns About Trajectory into the Back Half.
Management Guided Q3 Revenue To $ 311– $ 313 Million (24–25% Growth) and Nudged Full-Year Guidance to $ 1,224– $ 1,229 billion, Effectively in Line With Consensus But Below More Bullish Expectations Embedded In The Stock Pre-Report.
Needham’s Cut Aligns with A Wave of Recalibrations Across The Street, With da Davidson Trimming It Target To $ 275 and Oppenheimer to $ 300, While Morgan Stanley Upgrade to Overweight But Lowered ITS TARGET TO $ 260, REFLETING CONFIDENCE IN UPMARKET Multi-Product Execution Alongsis Caution on Near-Term Smb Softness Attributed in Part To Changes in Google Search Dynamics.
LEAVE THE DRAWDOWN, SIVERAL FIRMS CHARACTERIZED THE REACTION AS EXCESSIVE REPORT TO INGOING ENTERPRISE TRACTION, INCLUDING RECORD ADDITIONS OF $ 100,000+ RR CUSTOMERS AND CRM SURPLASING $ 100 MILLION ARR.
