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Why Monday.com Stock Was Tumbling Today

TheMotleyFool

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Why Monday.com Stock Was Tumbling TodayPhoto, wide shot, wide-angle lens, Consumer electronics manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Hiroshi Sugimoto: https://img.theapi.app/temp/d8a4268f-c982-4aa8-a09e-f9ee1db62f57.png

Shares of Monday.com (NASDAQ: MNDY) were sliding today after the cloud software company topped estimates in its fourth-quarter earnings report, but offered disappointing guidance for the first quarter in part due to weakness in its "self-serve" segment.

Monday, which provides customer relationship management (CRM) and project management software for businesses, is one of many software-as-a-service (SaaS) stocks under pressure from AI innovations like Anthropic's Claude Code that could disrupt workflow-related software.

As of noon, Monday.com stock was down 22.4% on the news.

Source Fool.com

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