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home / news releases / SPT - Sprout Social hemorrhages following earnings receives multiple downgrades

SPT - Sprout Social hemorrhages following earnings receives multiple downgrades

Sprout Social Inc

2024-05-03 10:03:23 ET

"Revenue missed guidance, full-year revenue was cut by ~$20M, billings missed expectations, and calculated current bookings decelerated from 53.7% in 4Q23 to 14.4% in 1Q24—not a complete halt, but close," said KeyBanc analysts Jackson Ader, Michael Vidovic and Kyle Diehl....

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Sprout Social hemorrhages following earnings, receives multiple downgrades
Stock Information
Company Name: Sprout Social Inc
Stock Symbol: SPT
Market: NASDAQ
Website: sproutsocial.com
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