Movement Alert|Monday.com Ltd. Rises 8.17% in Regular Trading, Systems Software Sector Broadly Rallies

Market Focus08-27 22:04

On August 27, Monday.com Ltd. rose 8.17% in regular trading, trading at $99.73/share, with turnover of $23.66 million.

The move was primarily driven by broad-based strength across the systems software sector. Among sector peers, CrowdStrike surged 16.57%, Palo Alto Networks gained 10.56%, ServiceNow rose 9.54%, NEBIUS advanced 3.19%, and Microsoft added 0.8%.

Fundamentally, Monday.com reported strong Q2 results on August 10, with adjusted EPS of $1.48 significantly beating the $1.11 consensus estimate, while revenue of $364.6 million exceeded the $355.2 million expectation, representing 22% year-over-year growth. The company maintained its full-year revenue guidance of $1.466 billion to $1.474 billion. Additionally, the company announced a 20% workforce reduction in July as part of a restructuring plan to align its organization with its AI Work Platform strategy.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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