Deadline Approaching: monday.com Ltd. (MNDY) Shareholders Who Lost Money Urged To Contact Law Offices of Howard G.
monday.commonday.com(US:MNDY) Businesswire·2026-03-18 17:46

Core Viewpoint - The article discusses an ongoing securities fraud lawsuit against monday.com Ltd. (MNDY) due to significant stock price declines following misleading financial projections and performance disclosures [2][3]. Group 1: Financial Performance and Stock Impact - On November 10, 2025, monday.com reported third-quarter revenue of $316.9 million but projected only modest revenue growth for the fourth quarter, leading to a stock price drop of $23.38, or 12.3%, closing at $166.21 per share [2]. - On February 9, 2026, the company rescinded its $1.8 billion revenue target for fiscal year 2027 and indicated a significant deceleration in growth for 2026, causing the stock price to fall by $20.37, or 20.8%, to close at $77.63 per share [3]. Group 2: Allegations in the Lawsuit - The lawsuit alleges that during the class period, the defendants made materially false and misleading statements and failed to disclose adverse facts about the company's business and growth prospects [3]. - Specific allegations include the deceleration of new customer growth, weaker expansion within existing accounts, and longer enterprise sales cycles, which made the $1.8 billion revenue target increasingly unlikely to be met [3].

Deadline Approaching: monday.com Ltd. (MNDY) Shareholders Who Lost Money Urged To Contact Law Offices of Howard G. - Reportify