Why Monday.com Stock Soared Higher Today

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 ...