Summary Smartsheet’s share price decline has brought its EV/S ratio to around 4.5X, with a projected free cash flow margin of around 12% over the next 12 months, making it an attractive investment opportunity.The company is a leader in the workflow management space, with strong growth in profitability and free cash generation, and is set…
Monday.com Monday.com reported another quarter of upside results on Monday, May 15. Specifically, revenues of $162 million, compared to its prior forecast for revenues of $155 million. In turn, the company reported non-GAAP breakeven for the quarter, compared to a prior forecast a non-GAAP loss of $18 million. The company doesn’t forecast cash flow, but…
Summary Monday.com recently reported an exceptionally strong quarter with revenues, earnings and free cash flow margins far exceeding expected levels.Of more importance, unlike many other high growth IT companies, the company raised guidance for both earnings and revenues.The company is enjoying noteworthy market share gains as it pivots its sales effort to larger users.Unlike competitors…
To say this has been a horrible year for investors in high growth IT space is somewhat akin to the statement made by the Emperor of Japan announcing its defeat and surrender of his country in August 1945 to the effect that the war had developed “not necessarily to our advantage.” This has been the…
Summary Shares of High-Growth software companies have led the market down so far in 2022. The decline in valuations and absolute share prices has been at rates that rival anything in the recent past. This decline has occurred against a background of strong and growing demand in the Information Technology (IT) space. Ironically, software demand…