Stock Track | monday.com Stock Plunges Despite Solid Q3 Results on Lower Q4 Guidance

Stock Track11-11

Shares of monday.com Ltd. (NASDAQ:MNDY) plunged over 12% in pre-market trading on Monday, despite reporting strong third-quarter results. The company's stock took a hit after it lowered its revenue guidance for the fourth quarter of 2024.

For the third quarter ended September 30, 2024, monday.com reported revenue of $251 million, an increase of 33% year-over-year. The company achieved a significant milestone by surpassing $1 billion in annual recurring revenue (ARR).

On the profitability front, monday.com posted non-GAAP operating income of $32.2 million, representing an operating margin of 13%. The company's net dollar retention rate, a key metric for subscription businesses, increased to 111%, indicating strong customer loyalty and expansion.

monday.com's co-founders and co-CEOs, Roy Mann and Eran Zinman, highlighted the company's consistent execution and focus on deepening product capabilities as drivers of the solid third-quarter performance.

However, the company's guidance for the fourth quarter fell short of expectations. monday.com projected revenue in the range of $260 million to $262 million, representing year-over-year growth of 28% to 29%, lower than analysts' estimates.

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nosubmarines
11-11
nosubmarines
Poor forecast led to stock plunge...

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The company's stock took a hit after it lowered its revenue guidance for the fourth quarter of 2024.For the third quarter ended September 30, 2024, monday.com reported revenue of $251 million, an increase of 33% year-over-year. The company achieved a significant milestone by surpassing $1 billion in annual recurring revenue .On the profitability front, monday.com posted no","content":"<p>Shares of monday.com Ltd. (NASDAQ:MNDY) plunged over 12% in pre-market trading on Monday, despite reporting strong third-quarter results. The company's stock took a hit after it lowered its revenue guidance for the fourth quarter of 2024.</p>\n\n<p>For the third quarter ended September 30, 2024, monday.com reported revenue of $251 million, an increase of 33% year-over-year. The company achieved a significant milestone by surpassing $1 billion in annual recurring revenue (ARR).</p>\n\n<p>On the profitability front, monday.com posted non-GAAP operating income of $32.2 million, representing an operating margin of 13%. The company's net dollar retention rate, a key metric for subscription businesses, increased to 111%, indicating strong customer loyalty and expansion.</p>\n\n<p>monday.com's co-founders and co-CEOs, Roy Mann and Eran Zinman, highlighted the company's consistent execution and focus on deepening product capabilities as drivers of the solid third-quarter performance.</p>\n\n<p>However, the company's guidance for the fourth quarter fell short of expectations. monday.com projected revenue in the range of $260 million to $262 million, representing year-over-year growth of 28% to 29%, lower than analysts' estimates.</p>","source":"ai_movement_en","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | monday.com Stock Plunges Despite Solid Q3 Results on Lower Q4 Guidance</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | monday.com Stock Plunges Despite Solid Q3 Results on Lower Q4 Guidance\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2024-11-11 20:12</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Shares of monday.com Ltd. (NASDAQ:MNDY) plunged over 12% in pre-market trading on Monday, despite reporting strong third-quarter results. The company's stock took a hit after it lowered its revenue guidance for the fourth quarter of 2024.</p>\n\n<p>For the third quarter ended September 30, 2024, monday.com reported revenue of $251 million, an increase of 33% year-over-year. The company achieved a significant milestone by surpassing $1 billion in annual recurring revenue (ARR).</p>\n\n<p>On the profitability front, monday.com posted non-GAAP operating income of $32.2 million, representing an operating margin of 13%. The company's net dollar retention rate, a key metric for subscription businesses, increased to 111%, indicating strong customer loyalty and expansion.</p>\n\n<p>monday.com's co-founders and co-CEOs, Roy Mann and Eran Zinman, highlighted the company's consistent execution and focus on deepening product capabilities as drivers of the solid third-quarter performance.</p>\n\n<p>However, the company's guidance for the fourth quarter fell short of expectations. monday.com projected revenue in the range of $260 million to $262 million, representing year-over-year growth of 28% to 29%, lower than analysts' estimates.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MNDY":"Monday.com Ltd."},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140663198","content_text":"Shares of monday.com Ltd. (NASDAQ:MNDY) plunged over 12% in pre-market trading on Monday, despite reporting strong third-quarter results. The company's stock took a hit after it lowered its revenue guidance for the fourth quarter of 2024.\nFor the third quarter ended September 30, 2024, monday.com reported revenue of $251 million, an increase of 33% year-over-year. The company achieved a significant milestone by surpassing $1 billion in annual recurring revenue (ARR).\nOn the profitability front, monday.com posted non-GAAP operating income of $32.2 million, representing an operating margin of 13%. The company's net dollar retention rate, a key metric for subscription businesses, increased to 111%, indicating strong customer loyalty and expansion.\nmonday.com's co-founders and co-CEOs, Roy Mann and Eran Zinman, highlighted the company's consistent execution and focus on deepening product capabilities as drivers of the solid third-quarter performance.\nHowever, the company's guidance for the fourth quarter fell short of expectations. monday.com projected revenue in the range of $260 million to $262 million, representing year-over-year growth of 28% to 29%, lower than analysts' estimates.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":0,"commentSize":1,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1140663198"}