Monday.com (MNDY) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. Over the past month, shares of this project management software developer have returned +12.7%, compared to the Zacks S&P 500 composite's +3% change. During this period, the Zacks Internet - Software industry, which Monday.com falls in, has gained 8.6%. The key question now is: What could be the stock's future di ...

These stocks are up by between 60% and 124% over the last year, but they could still have plenty more room to run. Stocks can be hard to understand for some investors because their prices tend to bounce around in the short term, but successful growth investing tends to be fairly simple when taking a long-term, big-picture view. Companies that consistently grow their annual revenues at high double-digit percentage rates will ultimately earn shareholders great returns. You just have to get on board and mainta ...

The workflow software platform keeps putting up impressive growth figures. By Friday afternoon, shares of Monday.com (MNDY 0.61%) had popped around 16% for the week, according to data from S&P Global Market Intelligence. On Monday morning, the workflow software solutions provider reported strong growth numbers yet again for the second quarter, along with solid profitability. As tons of software stocks get thrown out of investor portfolios to be replaced with artificial intelligence (AI) stocks, Monday.com h ...

Hinterhaus Productions/DigitalVision via Getty Images monday.com (NASDAQ:MNDY) has been delivering exceptionally strong performances recently, both in business operations and stock performance. The company demonstrates very strong execution with a high-quality work culture. Their products are also highly competitive, especially for SMB users. However, despite these strengths, I cannot give a buy rating due to the current valuation and future uncertainties. Business Update MNDY delivered an exceptional perfo ...

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 ...