Monday.com Stock Is Crashing. Time to Buy the Dip?
Shares of work management software provider Monday.com (NASDAQ: MNDY) are getting pummeled yet again following a quarterly earnings report that slightly missed the mark. In August, the stock fell off a cliff when its outlook for the third quarter was a bit light. This time around, Monday.com slightly cut the high end of its full-year revenue guidance range in a Monday release of results, prompting a major sell-off on Monday morning.
Monday.com stock entered the week down nearly 20% for the year, and down more than 40% from its 52-week high. Monday's losses will add to those tallies.
Is this post-earnings decline a buying opportunity? Or should investors think twice about Monday.com?
Source Fool.com
