The Latest Breaking News from MNDY

Monday.com first-quarter earnings and revenue topped estimates, sending MNDY stock up. The software maker plans to add AI apps.

Despite being well-positioned for long-term growth, the application software industry has near-term headwinds to deal with. Hence, avoiding fundamentally weak stocks Robinhood (HOOD), Monday.com (MNDY), and Matterport (MTTR) could be wise, while fundamentally strong software stock Progress Software (PRGS) could be a great buy right now. Continue reading….

Monday.Com Ltd (NASDAQ:MNDY) reported first-quarter FY22 revenue growth of 84% year-on-year to $108.5 million, beating the consensus of $101.2 million. The net dollar retention rate was over 125%. The net dollar retention rate for customers with over ten users was over 135%. The number of paid customers with over $50,000 in annual recurring…

Digital transformation initiatives globally and the increasing use of big data analytics across almost every industry have propelled the demand for advanced software solutions. Furthermore, companies increasing their tech budgets to improve their organizational agility, productivity, and security are expected to bolster the software industry’s growth. Given this backdrop, wall…