monday.com weak guidance dampens investor sentiment

2 months ago

Denita Sukova

"Let's start with monday.com, which is not definitely not green today. Slumped as much as 20% in earlier trading. Now it's down about 16%. The ticker is MNDY. Uh cloud-based software company posted better than expected third quarter earnings. The number that seems to be disappointing for investors is their revenue forecast. It's about 329 billion which is lower than what analysts were expecting and we are seeing quite the reaction considering the rest of the earnings report wasn't that bad."

The commentary highlights monday.com's disappointing revenue forecast despite strong Q3 earnings performance, noting a significant price decline and investor reaction due to the lowered guidance.

Related Stocks