Monday.com Stock Fell 27% Today. Is It A Buy?
Shares of cloud software company Monday.com (NASDAQ: MNDY) were down as much as 27% today following the release of fourth-quarter 2021 earnings. The market was clearly not happy with the report, even though the work management outfit obliterated its own expectations for the final three months of 2021.
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Monday.com reported $95.5 million in revenue for Q4, a 91% increase from a year ago and way ahead of management's prediction a few months earlier for $88 million in sales. Adjusted operating losses were $9.9 million in Q4, also better than management's outlook for $23 million in adjusted operating losses.
Source Fool.com
