|Bid||40.03 x 800|
|Ask||40.95 x 800|
|Day's Range||38.44 - 40.27|
|52 Week Range||18.06 - 49.04|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||51.89|
For the last quarter Smartsheet Inc reported a revenue of $52.2 million, compared with the revenue of $32.96 million during the same period a year ago. Warning! GuruFocus has detected 1 Warning Sign with MORN. The Smartsheet Inc had an operating margin of -30.99%, compared with the operating margin of -44.02% a year before.
VCs poured millions in Washington state but remained selective on mega deals, the funding stage and the type of industry.
Smartsheet (SMAR) fourth-quarter fiscal 2019 results benefit from portfolio strength and customer wins but increasing expenses remain an overhang.
Smartsheet (NYSE:SMAR) stock is soaring today as the company unveiled its latest quarterly earnings results after the bell on Tuesday, bringing in a loss that was narrower than anticipated, as well as revenue that surpassed what Wall Street called for in its consensus estimate.Source: Shutterstock The Bellevue, Wash.-based business said that for its fourth quarter of its fiscal 2018, it posted a loss of roughly $11.7 million, which roughly tallied up to 11 cents per share. The figure was wider than the loss total it posted during the same period in its fiscal 2017, when the figure was $8.7 million, or 45 cents per share.On an adjusted basis, Smartsheet amassed a loss of roughly 7 cents per share, which is half the loss amount that analysts were calling for. The Wall Street guidance predicted that the company's adjusted loss would be 14 cents per share, according to FactSet data.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe business saw its revenue surge nearly $20 million to $52.2 million from the $33 million in the year-ago period. Wall Street projected Smartsheet to bring in sales of $49.7 million, according to data compiled by FactSet.The company added that it calls for a loss of 19 cents to 18 cents for its first quarter of 2019, wider than the Wall Street loss of 14 cents per share. It sees revenue for the same three months as being $54 million to $55 million, ahead of the $52.6 million that analysts predict.SMAR stock is up about 7.6% on Wednesday following the news of a strong quarterly performance. More From InvestorPlace * 5 Cloud Stocks to Help Your Portfolio Fly * 7 Small-Cap Stocks That Make the Grade * Top 7 Service Sector Stocks That Will Pay You to Own Them Compare Brokers The post Smartsheet News: Why SMAR Stock Is Rallying appeared first on InvestorPlace.
Check out the companies making headlines midday Wednesday:FedEx FDX — Shares of FedEx dropped 5.14 percent after the company reported lower-than-expected third-quarter earnings and reduced its earnings outlook for fiscal year 2019.
were rising 7.7% in trading Wednesday after its adjusted fourth-quarter loss was narrower than analysts' expectations. The Bellevue, Wash.-based business communication company reported a net loss of 11 cents per share, or a loss of 7 cents per share on an adjusted basis, on revenue of $52.2 million. "Q4 capped a great year for Smartsheet," said Mark Mader, CEO of Smartsheet.
Here are some of the companies with shares expected to trade actively in Wednesday’s session. Stock movements noted by ticker reflect movements during regular trading hours; premarket trading is specified separately.
Stock: The European Union fined Google $1.7 billion for unfairly benefiting its ad business over rivals. A hot IPO soared on earnings.
Check out the companies making headlines after the bell:Shares of FedEx FDX fell more than 5 percent in extended trading Tuesday following the release of the logistic company's disappointing third-quarter earnings and weak full year outlook.
Smartsheet Inc. shares rallied in the extended session Tuesday after the cloud-based work platform topped Wall Street estimates for the quarter and forecast better-than-expected revenue. Smartsheet shares rallied 12% after hours, following a 0.5% decline to close the regular session at $43.44. The company reported a fourth-quarter loss of $11.7 million, or 11 cents a share, compared with $8.7 million, or 45 cents a share, in the year-ago period. The adjusted loss was 7 cents a share. Revenue rose to $52.2 million from $33 million in the year-ago quarter. Analysts surveyed by FactSet had forecast a loss of 14 cents a share on revenue of $49.7 million. Smartsheet expects a loss of 19 cents to 18 cents a share on revenue of $54 million to $55 million for the quarter, and 59 cents to 55 cents a share on revenue of $253 million to $257 million a year. Analysts had forecast a loss of 14 cents a share on revenue of $52.6 million for the quarter, and 52 cents a share on revenue of $243.8 million for the year.
BELLEVUE, Wash. (AP) _ Smartsheet Inc. (SMAR) on Tuesday reported a loss of $11.7 million in its fiscal fourth quarter. The Bellevue, Washington-based company said it had a loss of 11 cents per share.
BELLEVUE, Wash.-- -- Fourth quarter total revenue grew 58% year over year to $52.2 million Fourth quarter net operating cash flow was positive $4.0 million, net free cash flow was positive $1.0 million Full year total revenue grew 60% year over year to $177.7 million Full year net operating cash flow was negative $2.9 million, net free cash flow was negative $14.9 million Smartsheet Inc. , a leading ...
NEW YORK, NY / ACCESSWIRE / March 19, 2019 / Smartsheet, Inc. Class A (NYSE: SMAR ) will be discussing their earnings results in their 2019 Fourth Quarter Earnings to be held on March 19, 2019 at 4:30 ...
Small and large cap stocks are widely popular for a variety of reasons, however, mid-cap companies such as Smartsheet Inc. (NYSE:SMAR), with a market cap of US$4.2b, often get neglectedRead More...
Smartsheet (SMAR), a leading cloud-based platform for work execution, today announced that it has achieved “Ready” status as part of the Federal Risk and Authorization Management Program (FedRAMP) and is now listed in the FedRAMP marketplace for federal agencies and government contractors. FedRAMP is a government-wide program that provides a standardized approach to security assessment, authorization, and monitoring for cloud services, and is one of the most stringent compliance processes a vendor can undertake. Smartsheet was selected last year for the FedRAMP Connect program by the Joint Authorization Board (JAB), which prioritized Smartsheet Gov for certification based on demand from federal government agencies.
One of the consequences of the government shutdown was that it froze the initial public offering (IPO) market. But, of course, this is no longer a factor -- and yes, Silicon Valley dealmakers are working hard to launch deals. Perhaps the first high-profile offering will be ride-sharing operator Lyft. According to a report in the Wall Street Journal, the IPO is expected to hit the markets at the end of March.Source: Shutterstock And yes, the timing looks spot-on for the Lyft IPO. Keep in mind that Uber is also planning a deal soon, which could suck up huge amounts of capital. Some estimates call for more than $20 billion. In other words, with the Lyft IPO coming out first, there's a better chance of not getting squeezed and overshadowed.Also, note that there will likely be a flood of other 2019 IPOs. Just this week, Pinterest confidentially filed for its offering. The deal, which is led by Goldman Sachs and JPMorgan, is expected to be valued at a minimum of $12 billion. There has also been an IPO filing for Slack, which is a fast-growing collaboration app.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNext, another big reason that the Lyft IPO should fare well is that the overall markets have pulled off an impressive bounce back. There has been strength with fast-growing tech companies like Zscaler (NASDAQ:ZS), Smartsheet (NYSE:SMAR) and Elastic (NYSE:ESTC). Based on data from Dealogic, the tech companies that went public last year are up an average 33%.For the most part, Wall Street is hunkering for new deals. Backgrounder on the Lyft IPOThe filing has yet to be filed; rather, it looks like it will come out next week. Yet there is still a decent amount of information that is publicly available.Lyft, which was founded by Logan Green and John Zimmer, got its start in 2012 (this was two years after Uber). Interestingly enough, the original focus was on long-distance ride sharing. But the founders realized that the real market opportunity was in cities. To help pump up growth, Lyft also leveraged partnerships, such as with companies like General Motors (NYSE:GM) and Tata Motors (NYSE:TTM).Unlike Uber, Lyft has been focused primarily on the U.S. market. But Uber still has a commanding lead, with about 69.2%.Then again, this means there is a large opportunity to cut into this. Keep in mind that customer loyalty for ride-sharing services is tenuous. Uber has actually lost 3% in market share since October, according to Second Measure (this is based on credit and debit card data).What's more, Lyft is growing at a rapid clip. During the first half of last year, revenues spiked by 88% to $909 million. The company offers its service across more than 300 cities.Although, the company is still losing money. For the first half of 2018, the net loss was $373 million, up 46% on a year-over-year basis. Bottom Line On Lyft StockLyft's stock will be listed on the Nasdaq and the valuation is expected to range from $20 billion to $25 billion. However, until we get the S-1, it's tough to get a sense of what a reasonable valuation should be. Sometimes the details can be surprising.All in all, when it comes to IPOs in general, investors should be cautious. These deals can easily flame out, as we've seen with Zynga (NASDAQ:ZNGA), Groupon (NASDAQ:GRPN) and Snap (NYSE:SNAP).Regardless, the Lyft IPO will certainly garner lots of buzz -- and also provide us with a good indication of the appetite for public offerings.Tom Taulli is the author of High-Profit IPO Strategies, All About Commodities and All About Short Selling. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 6 Hot Stocks For Goldman Sachs' New Investing Strategy * 10 Smart Money Stocks to Buy Now * The 10 Best Cheap Stocks to Buy Right Now Compare Brokers The post Lyft's IPO Deal Is On the Fast Track appeared first on InvestorPlace.
Smartsheet Inc. , a leading cloud-based platform for work execution, today announced that it will release its financial results for its fourth quarter and full fiscal year 2019 ended January 31, 2019 after the close of U.S.