As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the project management software industry, including Atlassian (NASDAQ:TEAM) and its peers.
Over the past six months, Smartsheet has been a great trade, beating the S&P 500 by 24.8%. Its stock price has climbed to $56.20, representing a healthy 30.8% increase. This performance may have investors wondering how to approach the situation.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how project management software stocks fared in Q3, starting with Smartsheet (NYSE:SMAR).
Let’s dig into the relative performance of Monday.com (NASDAQ:MNDY) and its peers as we unravel the now-completed Q3 project management software earnings season.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how project management software stocks fared in Q3, starting with Asana (NYSE:ASAN).
Project management software maker Smartsheet (NYSE:SMAR) reported Q3 CY2024 results exceeding the market’s revenue expectations, with sales up 16.7% year on year to $286.9 million. Its non-GAAP profit of $0.43 per share was 41.6% above analysts’ consensus estimates.
