Monday.com drops after Q4 loss
23/02/2022 14:47
** Israel-based software publisher Monday.Com MNDY.O down
24.1% at $136, extending losses for its fifth consecutive day
** "Co is a case study of exactly what is happening across
the board to many of "innovation" stocks trading at 10 and 20
times their value and making no money," said Thomas Hayes,
managing member at Great Hill Capital Llc in NY
** MNDY reported Q4 loss of 26 cents/shr vs. est loss of 52
cents and greater-than-expected Q4 revenue of $95.5 mln vs. est
87.8 mln
** Co also posted FY revenue guidance between $470 mln and
$475 mln vs. est $443.1 mln
** Nine of 12 brokerages rate stock "buy" or higher and 3
"hold"; their median PT is $380 - Refinitiv data
** MNDY has fallen 56% so far this year
(Reporting by Bansari Mayur Kamdar in Bengaluru)
((BansariMayur.Kamdar@thomsonreuters.com;))