Smartsheet, Inc. Class A Aktie News

Smartsheet Inc. (SMAR) Q4 2024 Earnings Call Transcript

Smartsheet on Thursday provided a revenue outlook that missed analyst estimates, sending its stock down 10%, even after the cloud software seller's quarterly revenue exceeded estimates.

BELLEVUE, Wash.--(BUSINESS WIRE)--Smartsheet Inc. (NYSE: SMAR), the enterprise work management platform, today announced a series of strategic changes to its executive team as the company enters its post–$1 billion annualized recurring revenue (ARR) growth phase. Executive Leadership Updates for Next Phase of Growth Smartsheet today announced key changes to its executive leadership team focused...

BELLEVUE, Wash.--(BUSINESS WIRE)---- $SMAR #earnings--Smartsheet Inc. Announces Fourth Quarter and Full Fiscal Year 2024 Results.

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BELLEVUE, Wash.--(BUSINESS WIRE)--Smartsheet Inc. (NYSE: SMAR), the enterprise work management platform, today announced that it will release its financial results for its fourth quarter and full fiscal year 2024, which ended January 31, 2024, after the close of U.S. financial markets on March 14, 2024. Smartsheet executives will host a conference call and webcast that day at 4:30 p.m. ET (1:30...

Smartsheet's shares have been a laggard in my high-growth tech portfolio over 2023, but I believe this could change in 2024. Increasing adoption of premium capabilities should be an important company-specific growth driver supported by stabilizing enterprise demand. There is a significant valuation gap compared to peers, which should gradually close as topline growth reaccelerates and margins c...

I continue to expect growth to revert back to 30% as it gains market share from Excel users and converts free users to paid. Smartsheet's financial performance is exceeding expectations, with subscription revenue growing 24.9% and gross margin expanding to 83.7%. A long-term DCF model suggests a target price of $81 for SMAR, reflecting its strong growth and improving profit margin.