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Stock impact report

Why Monday.com (MNDY) Stock Is Falling Today [Yahoo! Finance]

monday.com Ltd. - Ordinary Shares (MNDY) 
Company Research Source: Yahoo! Finance
third-quarter financial results, with sales in line with analysts' estimates. Similarly, revenue guidance for the next quarter was also mostly in line with expectations. Notably, the muted sales guidance for the next quarter implied revenue growth of around 28-29%, suggesting growth may be slowing. Monday.com also announced a change in leadership. Yoni Osherov, monday.com's Chief Revenue Officer (CRO), is expected to step down from his role at the end of December 2024. With the company still in search of his replacement, there is an added element of uncertainty that markets have to contend with. It isn't hard to understand why markets might struggle to digest this news, as Osherov was considered pivotal in the company's growth, helping to increase ARR (annual recurring revenue) from $10 million to over $1 billion. On a more positive note, earnings (non-GAAP EPS) beat Wall Street's estimates as gross margin ticked up slightly relative to the previous year while operating margin was Show less Read more
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