5 Stocks in the Limelight After Releasing Their Financial Results

In this article, we discuss the 5 stocks in the limelight after releasing their financial results. If you want to read our detailed analysis of these companies, go directly to the 11 Stocks in the Limelight After Releasing Their Financial Results.

5. monday.com Ltd. (NASDAQ:MNDY)

Number of Hedge Fund Holders: 25

monday.com Ltd. (NASDAQ:MNDY) recently delivered a better-than-expected financial performance for the first quarter and raised its sales outlook for the full year. Yet, the company’s shares slipped nearly five percent on Monday, May 16, 2022, following the results.

The Israel-based software firm reported an adjusted loss of 96 cents per share, compared to an adjusted loss of 63 cents per share in the year-ago period. In addition, monday.com Ltd. (NASDAQ:MNDY) posted revenue of $108.5 million, up 84 percent on a year-over-year basis. The results exceeded analysts’ average estimate for a loss of $1.02 per share and revenue of $101.2 million.

For fiscal 2022, monday.com Ltd. (NASDAQ:MNDY) now expects revenue in the range of $488 – $492 million versus its previous guidance between $470 – $475 million. The updated outlook is above the consensus of $474.5 million.

Discussing the results, CFO Eliran Glazer said in a statement:

“Q1 was another quarter of great execution at monday.com, led by strong demand with larger customers. While growing and scaling the company will remain our top priority, we are equally focused on improving capital efficiency and operating leverage as we move forward.”