Core Viewpoint - monday.com Ltd. is a leading SaaS company in the project and work management software space, demonstrating strong demand for its customizable work operating system, which has shown resilience even amid IT budget scrutiny [2][3]. Financial Performance - In Q2 2024, monday.com achieved revenues of $236 million, marking the first quarter in its history to reach a $1 billion annual revenue run rate, with a year-over-year growth of 34.4% [3]. - The company recorded a net addition of 222 enterprise accounts (customers with ARR above $50,000) in Q2, contributing significantly to its revenue growth [3][5]. - The non-GAAP operating margin increased to 16% in Q2 from 10% in the previous two quarters, attributed to decreasing sales and marketing expenses [13]. Product Development and Customer Growth - The launch of new products, monday CRM and monday dev, has driven customer adoption, with monday CRM surpassing 20,000 customers (150% growth YOY) and monday dev growing by approximately 250% YOY to 2,719 accounts [9][7]. - The continuous improvement of monday's data infrastructure, mondayDB 2.0, has enhanced scalability, allowing customers to manage boards with up to 100,000 items, a tenfold improvement from the previous version [5]. Market Position and Competitive Landscape - monday.com is the only company among its major competitors (Atlassian, Asana, Smartsheet) to have re-accelerated revenue growth after a prolonged slowdown, indicating strong fundamental momentum [12]. - The company’s Apps Marketplace has grown to 534 apps, with 358 monetized, reflecting a growing monetization rate [10]. Future Outlook - Management has guided for a free cash flow margin of 28-29% for FY24, alongside a revenue growth forecast of 31-32%, suggesting potential for the company to close 2024 as a Rule of 60 company [13]. - The company is expected to reach the $1 billion revenue milestone possibly in 2024, supported by ongoing product enhancements and market opportunities [12][18].

These three stocks can prove to be compelling picks for astute investors. Since the launch of OpenAI's famous chatbot, ChatGPT, the artificial intelligence (AI) revolution has taken the investment world by storm. While the initial euphoria seems to have died down somewhat, the power of this investment trend is far from over. A few prominent AI stocks seem to be witnessing a pullback on investor concerns about the monetization potential of their AI capabilities and ongoing investments in AI infrastructure. H ...

Luis Alvarez/DigitalVision via Getty Images For a lucky few companies, the current macro turnoil brewing around the markets is merely irrelevant outside noise. These growth stocks have continued their impressive rallies, maintained sky-high top-line growth rates, and defy the pessimism that is pervading around the Al trade. monday.com (NASDAQ:MNDY) is one of these companies. The enterprise software platform, which operates a mishmash of products across CRM and DevOps tools, recently reported Q2 results whic ...

Shares of the CRM specialist gained on a strong earnings report. Shares of Monday.com (MNDY 12.89%) were moving higher today after the cloud software customer-resource management (CRM) company posted better-than-expected results in its second-quarter earnings report. It also raised its guidance for the full year. As of 2:20 p.m. EDT, the stock was up 11.1% on the news. Monday.com keeps growing Monday's recovery from a sharp post-pandemic slide continued today as it delivered another round of strong revenue ...

Key Takeaways Monday.com beat analysts' expectations on the top and bottom lines in the second quarter. The company achieved its first quarter of GAAP operating profitability. It now expects full-year revenue growth of 31% to 32%, up from a prior estimate of 29% to 30%. Shares of monday.com popped after the workplace software company topped analysts' expectations with its second-quarter results and raised its full-year guidance. The company's latest projection calls for revenue growth of 31% to 32% in 2024, ...

Monday.com NASDAQ: MNDY had another beat-and-raise quarter because the combination of its offering and operational quality delivered results. The company delivers results for its clients and investors and has its stock on track to hit a multi-year high soon. The question is whether this market will dip again before crossing the critical threshold and if there is a chance it might. The takeaway is that, dip or no dip, this market is simmering and could come to a boil at any time. Get monday.com alerts: Monda ...

Monday.com (MNDY) came out with quarterly earnings of $0.94 per share, beating the Zacks Consensus Estimate of $0.54 per share. This compares to earnings of $0.41 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 74.07%. A quarter ago, it was expected that this project management software developer would post earnings of $0.39 per share when it actually produced earnings of $0.61, delivering a surprise of 56.41%. Over the last ...

11. monday.com Q2 FY24 Earnings Safe harbor This presentation has been prepared by monday.com Ltd. ("we," "us," "our," "monday.com" or the "Company"). This presentation (including oral commentary that accompanies this presentation) contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding our financial outlook and market positioning. These forward- looking statements are ...

Core Insights - Monday.com is a software-as-a-service (SaaS) platform used by over 200,000 client companies to manage workflows and projects [1] - The company has recently updated its pricing model, implementing a price increase ahead of schedule due to positive feedback [2] - Monday.com faces competition from other quality-focused platforms like Asana and Atlassian, which are also strong players in the project management space [3][4] Financial Performance - The company has shown impressive revenue growth, with total revenue reaching $784 million over the trailing four quarters [7] - The stock has gained 125% over the last two years, significantly outperforming the S&P 500 index, which rose by 37% [7] - Despite the price increase, customer churn has not risen, and sales growth remains strong, indicating effective management and product delivery [8] Valuation Metrics - Monday.com has a high price-to-earnings (P/E) ratio of 614 and a price-to-sales (P/S) ratio of 14.6, suggesting that investors are expecting substantial future growth [9] - The high valuation metrics indicate that the stock is considered a high-octane growth investment, but it comes with significant risk [9][12] Competitive Landscape - The competitive market poses a challenge for Monday.com, as it is not the only option available for project management, with alternatives like Asana, Atlassian, Microsoft Teams, and Salesforce [10][14] - Despite the competition, Monday.com has established itself as a solid choice due to its powerful customization options and user-friendly design [11] Investment Considerations - The company is characterized as a dynamic growth stock with strong financials, but its high valuation and competitive environment may not suit all investors [12] - Investors with a high risk tolerance who believe in the company's growth potential may find it a suitable addition to their portfolio [12]

Heading into today, shares of the project management software developer had lost 0.08% over the past month, outpacing the Computer and Technology sector's loss of 5.32% and the S&P 500's loss of 1.16% in that time. Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system. The Inter ...