Why Monday.com Stock Plummeted by 15% This Week
Enterprise software company Monday.com (NASDAQ: MNDY) published its latest quarterly figures on its namesake day, and that set the tone for the rest of the week. Unfortunately, that tone was bearish, as the shares closed the period down more than 15% in value, according to data compiled by S&P Global Market Intelligence.
Monday.com actually beat the average analyst estimates for its third quarter. Its revenue, which rose by 26% year over year, came in just shy of $317 million.
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Source Fool.com
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