The workplace management platform put up more solid growth in the first quarter. Shares of Monday.com (MNDY 0.19%) were soaring over 25% this week, according to data from S&P Global Market Intelligence. The low-code workplace management software platform posted strong revenue growth yet again in the first quarter of 2024, impressing Wall Street. The stock is now up 22% this year but still off 50% from all-time highs. Here is why Monday.com stock was up this week. Strong growth, healthy cash flow Monday.com' ...

Monday.com exceeded management's earnings and revenue expectations for Q1 2024, showcasing impressive revenue growth and product adoption. Monday.com (MNDY 21.37%), a cloud-based work operating system, released its Q1 2024 earnings on May 15, 2024. The company reported revenue of $216.9 million, outperforming management's guidance range by $5.9 million. Non-GAAP operating income was $21.5 million, exceeding the top end of the expected range by $9.5 million. Free cash flow reached $89.9 million, far surpassi ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The ...

Company Participants Pinjalim Bora - JP Morgan Brent Bracelin - Piper Sandler Jackson Ader - KeyBanc Capital Markets Arjun Bhatia - William Blair Kash Rangan - Goldman Sachs DJ Hynes - Canaccord Genuity Derrick Wood - TD Cowen Brent Thill - Jefferies George Iwanyc - Oppenheimer Michael Berg - Wells Fargo Securities Steve Enders - Citi Michael Funk - Bank of America Scott Berg - Needham Taylor McGinnis - UBS I would now like to turn the call over to Byron Stephen, Vice President of Investor Relations. Please ...

Customers are paying more, and cash flow is rising fast. Shares of work management software company Monday.com (MNDY 18.64%) soared higher on Wednesday after the Israeli company reported financial results for the first quarter of 2024. As of 9:45 a.m. ET, Monday.com stock was up 22%. Higher prices lead to higher cash flow With more revenue from existing customers, Monday.com's free cash flow is soaring. It had $90 million in Q1 compared with $39 million in the prior-year period. And for the year, management ...

Key Takeaways Shares of Monday.com (MNDY) soared Wednesday after the maker of cloud-based workflow software reported a big gain in customers, record free cash flow, and a better-than-expected outlook. The company posted first-quarter adjusted earnings per share (EPS) of $0.61, more than 50% above estimates compiled by Visible Alpha. Revenue increased 33.7% year-over-year to $216.9 million, also beating forecasts. Free cash flow was $89.9 million. As of the end of March, the number of customers with more tha ...

Exhibit 99.1 monday.com Announces First Quarter 2024 Results First quarter revenue of $216.9 million grew 34% year over year Number of customers with more than $50k ARR grew 48% year over year Achieved record quarterly free cash flow monday sales CRM and monday dev now accessible to all customers New York / Tel Aviv, May 15, 2024 -- monday.com (NASDAQ: MNDY), the multi-product platform that runs all core aspects of work, today reported financial results for its first quarter ended March 31, 2024. Management ...

In the latest market close, Monday.com (MNDY) reached $181.76, with a +0.42% movement compared to the previous day. The stock outperformed the S&P 500, which registered a daily gain of 0.17%. Elsewhere, the Dow saw an upswing of 0.32%, while the tech-heavy Nasdaq depreciated by 0.03%.The project management software developer's shares have seen a decrease of 9.59% over the last month, not keeping up with the Computer and Technology sector's gain of 0.39% and the S&P 500's gain of 0.17%.The investment communi ...

The latest trading session saw Monday.com (MNDY) ending at $187.25, denoting a +1.33% adjustment from its last day's close. This move outpaced the S&P 500's daily gain of 0.02%. At the same time, the Dow lost 0.11%, and the tech-heavy Nasdaq gained 0.1%.Prior to today's trading, shares of the project management software developer had lost 19.31% over the past month. This has lagged the Computer and Technology sector's loss of 5.13% and the S&P 500's loss of 3.01% in that time.Investors will be eagerly watch ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Monday.com (MNDY) .Monday.com currently has an average brokerage ...