Core Viewpoint - The article emphasizes the importance of timing and sustainability in stock trends for successful short-term investing, highlighting the need for strong fundamentals and positive earnings revisions to maintain momentum [1][2]. Group 1: Stock Performance - Similarweb (SMWB) has shown a solid price increase of 14.5% over the past 12 weeks, indicating investor confidence in its potential upside [4]. - Over the last four weeks, SMWB's price has increased by 36.9%, suggesting that the upward trend is still intact [5]. - SMWB is currently trading at 83.4% of its 52-week high-low range, indicating a potential breakout opportunity [5]. Group 2: Fundamental Strength - SMWB holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [6]. - The stock has an Average Broker Recommendation of 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [7]. Group 3: Investment Strategy - The "Recent Price Strength" screen is a useful tool for investors to identify stocks like SMWB that are on an uptrend supported by strong fundamentals [3]. - The article suggests exploring over 45 Zacks Premium Screens tailored to different investing styles to find potential winning stocks [8].

Shares of Similarweb (SMWB) have gained 13.6% over the past four weeks to close the last trading session at $8.04, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $11 indicates a potential upside of 36.8%. The mean estimate comprises six short-term price targets with a standard deviation of $1.67. While the lowest estimate of $10 indicates a 24.4% increase from the current price ...

F AlexSecret The stock for Similarweb Ltd. (NYSE:SMWB) is down from when I last wrote about the company, yet the company's business is looking even better now than it did at that time. Similarweb followed through on its plans to continue delivering free cash flow. The company guided to staying profitable on a non-GAAP basis and delivering positive free cash flow for the rest of the fiscal year. Similarweb achieved its 4th straight quarter of non-GAAP operating profit and even produced a company record non-G ...

Financial Data and Key Metrics Changes - Revenue growth accelerated to 13% year-over-year in Q2 2024, driven by new customer growth and improving retention [9] - Achieved a net revenue retention rate of 99% overall and 109% for customers with over $100,000 ARR, indicating a positive trajectory [9] - Generated $6 million in free cash flow in Q2 2024 and $16 million in the first half of 2024 [10] - Remaining performance obligations (RPO) totaled $217 million at the end of Q2 2024, up 24% year-over-year [10] - Raised guidance for full-year 2024 revenue to a range of $246 million to $248 million, an increase from previous expectations [10][11] Business Line Data and Key Metrics Changes - The company successfully upsold and signed its first eight-figure ARR customer, increasing the customer count to over 5,000 [4] - The new version of digital data estimation significantly enhanced accuracy and coverage, adding insights for over 30 million new websites [5][36] Market Data and Key Metrics Changes - The company is benefiting from the AI revolution, with large tech companies engaging to access digital data for their LLM models [6] - There is increasing demand from global consumer brands to understand how AI and chatbots are changing customer online behavior [7] Company Strategy and Development Direction - The company is focused on improving go-to-market strategies and R&D innovations to accelerate growth [4] - The acquisition of 42matters aims to expand app data capabilities and provide a holistic view of digital assets for customers [7][25] - The company is committed to delivering profitable growth and achieving long-term profit and free cash flow targets [11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued business growth and increasing revenue outlook for 2024 [4] - The company believes it can benefit from market dynamics, as companies tend to invest in market data during challenging economic conditions [29] - Management noted that the demand for digital data is increasing, particularly from large tech companies building LLMs [13] Other Important Information - The company achieved a record non-GAAP operating margin of 9% in Q2 2024 [9] - The strategy includes hiring more customer success personnel to support revenue growth [19] Q&A Session Summary Question: Interest from large tech companies for data to train LLMs - Management noted an increase in demand for digital data from large tech companies and is working on pricing and packaging solutions [12][13] Question: Growth drivers for $100,000+ customers - Management highlighted success in serving strategic accounts and the increasing appetite for digital data among large companies [14][15] Question: Impact of Similarweb 3.0 on ARR per customer - Management confirmed that the strategy to simplify onboarding has led to increased customer growth and retention [17] Question: Plans for increased headcount - The majority of new hires will be sales-focused to support revenue growth [19] Question: Trends in net revenue retention for smaller clients - Management observed a positive trend in retention rates, attributing it to efforts made over the past year [20][21] Question: Contribution of 42matters acquisition - Management expressed optimism about the acquisition's potential for cross-selling and upselling opportunities [25] Question: Overall macroeconomic impact on business - Management indicated that the company is executing well despite macro concerns, benefiting from increased demand for market data [28][29] Question: Demand across product portfolio - Management noted strong demand for Data-as-a-Service (DaaS) and stock intelligence products [31]

| --- | --- | --- | |---------------------------------|-------|-----------------------------------| | | | | | | | | | | | | | INVESTOR PRESENTATION Q2 2024 | | INVESTOR PRESENTATION Q2 202 4 1 | NOTES REGARDING THIS PRESENTATION This presentation contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include statements relating to t ...

Exhibit 99.1 SIMILARWEB ANNOUNCES SECOND QUARTER 2024 RESULTS Revenue growth accelerated for the third consecutive quarter Fourth consecutive quarter of non-GAAP operating profit Raising guidance for 2024 revenue and non-GAAP operating profit TEL AVIV, ISRAEL -- Aug 6, 2024 -- Similarweb Ltd. (NYSE: SMWB) ("Similarweb" or the "Company"), a leading digital data and analytics company powering critical business decisions, today announced financial results for its second quarter ended June 30, 2024. The Company ...

Eliyahu brings nearly two decades of growth strategy and executive experience at tech giants, including SimilarWeb [NYSE: SMWB] and LivePerson [NASDAQ: LPSN]. As the recent president of Gravyty, she played a pivotal role in integrating AI and innovative technology to enhance community engagement and fundraising efforts for educational institutions and nonprofits. Eliyahu currently serves as a Growth Partner at AnD Ventures, a firm specializing in taking seed-stage start-ups to market. She also promotes the ...

Similarweb is benefiting from an expanding customer base and acquisitions like Admetricks, enhancing its digital ad intelligence offerings and overall market position. For Similarweb, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on SMWB going forward to see if this recent jump can turn into more strength down the road. For ...

NOTES REGARDING THIS PRESENTATION | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------|---------------------------------------------|---------------------|--------|-------|------------------------------------------------|-----------------------|------------------------------------------------------------------------------|-------|--------------|-------------------------------------------------|----------------|-------| | | | | | | Introducing | by helping them: | Similarw ...

Start Time: 08:30 January 1, 0000 9:02 AM ET Similarweb Ltd. (NYSE:SMWB) Q1 2024 Earnings Conference Call May 08, 2024, 08:30 AM ET Company Participants Or Offer - Co-Founder and CEO Jason Schwartz - CFO Rami Myerson - VP, IR Conference Call Participants Arjun Bhatia - William Blair Pete Newton - Barclays Tommy Shinke - Cantor Fitzgerald Tyler Radke - Citi Aaron Kimson - Citizens Operator Good day, ladies and gentlemen, and welcome to Similarweb Quarter 1 Fiscal 2024 Earnings Call. All lines have been place ...