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....
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Smartsheet Earnings: Stock Jumps Higher But Questions Remain