SurveyMonkey (SVMK) reported a very strong Q2 report which sent the shares up over 20% the following day. Revenue growth surprised investors to the upside by accelerating and the stock showed the ensuing confidence. SVMK has been around the industry for quite some time and is generally considered one of the leading survey software companies, competing against Medallia (MDLA), Qualtrics and Zoho.
In addition to reporting strong Q2 results, management raised guidance for the full year by nearly 1% as we could begin to see the trend of beat-and-raise continue on