As we look ahead to the exciting year of 2024, monday.com is thrilled to share its ambitious financial expectations. We are confident in our ability to achieve remarkable results and drive substantial growth in the coming months.
Total Revenue: Our team projects a total revenue range of $926 million to $932 million for the year. This represents an impressive year-over-year growth rate of 27% to 28%, showcasing our dedication to continuous improvement and expansion.
Non-GAAP Operating Income: monday.com anticipates a non-GAAP operating income between $58 million and $64 million. With an estimated operating margin of 6% to 7%, we aim to maintain a strong financial foundation while fueling innovation and delivering exceptional value to our customers.
Free Cash Flow: Our forecast predicts a free cash flow between $200 million and $206 million, resulting in a healthy free cash flow margin of approximately 22%. This demonstrates our commitment to financial stability and the ability to invest in future growth opportunities.
These projections serve as a testament to monday.com’s positive outlook for the year 2024. We are dedicated to achieving significant growth while maintaining operational efficiency, ensuring that we continue to be a trusted partner for businesses worldwide.
Updated on: 04/03/2024
Debt to equity ratio: Sell
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Sell
8:00 PM (UTC)
Date:20 January, 2024
|Analyst / firm
Analyzing MNDY Stock: Positive Price Momentum but Pre-Market Drop Raises Caution
On February 12, 2024, MNDY stock exhibited an intriguing performance, as it traded near the top of its 52-week range and remained above its 200-day simple moving average. This suggests that the stock has been exhibiting positive price momentum, indicating a potentially bullish trend.
The price of MNDY shares experienced a significant increase of $8.85 since the market last closed. This rise amounts to a 3.90% increase, which is a notable gain for investors. The stock closed at $235.92, reflecting the positive sentiment surrounding MNDY.
However, it is important to note that the stock has faced a decline in pre-market trading, dropping $27.12. This pre-market drop might be attributed to various factors such as market fluctuations, investor sentiment, or company-specific news.
Investors should approach this situation with caution, as the pre-market drop could potentially impact the stock’s performance throughout the trading day. It is crucial to closely monitor the market and any relevant news regarding MNDY to make informed investment decisions.
While the stock’s recent price increase and positive price momentum indicate potential profitability, the pre-market drop could introduce an element of uncertainty. Investors should consider conducting thorough research and analysis before making any investment decisions related to MNDY.
As always, it is advisable to consult with a financial advisor or investment professional who can provide personalized guidance based on individual investment goals and risk tolerance.
Promising Stock Performance of MNDY: Revenue Surges by 68.43% and Net Income Increases by 206.44%
On February 12, 2024, the stock performance of MNDY showed promising results. Total revenue for MNDY stood at $519.03 million over the past year, representing a significant increase of 68.43% compared to the previous year. The total revenue increased by 7.69% since the last quarter. In terms of net income, MNDY reported a loss of -$136.87 million over the past year, decreasing by only 5.86% compared to the previous year. The net income increased by a significant 206.44% since the last quarter. The earnings per share (EPS) for MNDY were reported as -$2.99 over the past year, increasing by 34.08% compared to the previous year. The EPS increased by a remarkable 205.76% since the last quarter. Overall, the stock performance of MNDY on February 12, 2024, exhibited positive signs of growth and improvement. Investors and market analysts will likely view these financial results as encouraging for MNDY. However, further research and analysis are necessary before making any investment decisions.