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home / news releases / SMAR - Smartsheet Earnings: Stock Jumps Higher But Questions Remain

SMAR - Smartsheet Earnings: Stock Jumps Higher But Questions Remain

Smartsheet Inc. Class A

2024-06-06 03:12:41 ET

Summary

  • Smartsheet's stock jumped 12% after a positive earnings report, but I'm less enthusiastic due to high valuation and decelerating growth rates.
  • The Company provides a collaborative work management platform, similar to Asana but with better financials.
  • I believe SMAR is fairly valued given its financial outlook, solid performance, and ample cash reserves.

Investment Thesis

Smartsheet ( SMAR ) delivered an overall positive report , and its stock jumped 12% premarket....

For further details see:

Smartsheet Earnings: Stock Jumps Higher But Questions Remain
Stock Information
Company Name: Smartsheet Inc. Class A
Stock Symbol: SMAR
Market: NYSE
Website: smartsheet.com
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