Smartsheet

Smartsheet, Inc. engages in the design and development of cloud-based platform for work management. It offers ways for customers to plan and manage their work using grids, projects, cards, and calendars. The company was founded by W. Eric Browne, Maria Colacurcio, John D. Creason, and Brent R. Frei in 2005 and is headquartered in Bellevue, WA.

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Smartsheet reports robust Q1 performance amidst macro challenges

Smartsheet's Q1 2024 earnings call showcased strong financial performance and notable enterprise expansions. However, challenges in the macro environment have impacted sales productivity, leading to a focus on incremental marketing programs and real-time investment decisions. Despite over-performance in Q1, revenue guidance remains unchanged due to a conservative approach given the dynamic macro environment.

Smartsheet reports strong Q2 performance and anticipates $1B ARR

Smartsheet's Q2 earnings call highlighted robust financial performance, a growing customer base, and plans for future expansion. While facing challenges related to customer retention and sales force productivity, the company is well-positioned to capitalize on opportunities in the enterprise segment and the introduction of new modules. Overall, Smartsheet's performance reflects a positive trajectory for future growth.

Smartsheet exceeds Q3 revenue expectations, cautious outlook for FY '25

Smartsheet's Q3 performance exceeded expectations, with strong revenue growth and significant customer expansions. While facing challenges in SMB expansions and cautious outlook for FY '25, the company sees opportunities in AI integration and global expansion. The focus on self-discovery capabilities and partnerships also presents promising growth potential.

Smartsheet exceeds Q4 expectations, focuses on AI integration for growth

Smartsheet's Q4 performance showcased robust revenue growth, profitability, and customer expansion. The company's focus on product innovation, AI integration, and strategic partnerships positions it well for future growth. While macroeconomic challenges persist, Smartsheet's emphasis on enterprise customers and margin expansion presents opportunities for sustained success.

Smartsheet beats Q1 revenue targets, eyes platform growth opportunities

Smartsheet's Q1 performance exceeded expectations across key metrics.
The company's strengths lie in customer expansions, new plan success, and investments.
Challenges include macro conditions and international headwinds.
Opportunities in platform enhancements, market focus, and partner strategies.

Smartsheet exceeds Q2 revenue targets, eyes enterprise growth opportunities

Smartsheet delivered strong Q2 results, surpassing revenue targets and showcasing growth in key metrics.
While facing challenges in net retention and user conversion, the company's focus on enterprise solutions and product enhancements presents opportunities for future growth.
Recognition in the industry, notable customer expansions, and upcoming product modules position Smartsheet well for continued success and innovation.

Smartsheet surpasses Q3 revenue targets, eyes global expansion and AI integration

Smartsheet delivered strong Q3 results, exceeding revenue guidance and showcasing growth in billings and user base. The company's strategic expansions with key clients and focus on AI integration and global expansion position it well for future success.
While facing challenges in SMB expansions and evolving customer dynamics, Smartsheet's strengths in driving enterprise deals, modular feature development, and partnership strategies offer resilience. The company must navigate uncertainties around Gen AI and industry pressures to capitalize on growth opportunities.
Overall, Smartsheet's performance in Q3 reflects resilience and strategic foresight, with a balance of strengths, challenges, and opportunities shaping its path forward. Navigating industry dynamics and leveraging partnerships will be key to sustaining growth and innovation.

Smartsheet hits $1B ARR milestone, eyes growth amid challenges

Smartsheet's Q4 FY 2024 performance reflects strong financial results, notable customer expansions, and guidance for continued growth in FY '25, underpinned by key strengths in innovation and customer loyalty.
While facing challenges such as pressure on SMBs and margin improvement, the company has opportunities to leverage AI capabilities, address SMB weaknesses, and expand internationally for sustained growth.
Overall, Smartsheet's strategic focus on innovation, customer engagement, and market expansion positions it well for future success, despite navigating challenges and uncertainties in the business landscape.
Investors should monitor Smartsheet's execution of growth strategies, particularly in addressing SMB challenges, leveraging AI capabilities, and capitalizing on international opportunities to drive long-term value.

Smartsheet posts robust Q1 results, eyes sustained growth and innovation

Smartsheet's Q1 FY 2025 earnings call highlighted strong financial performance, customer expansions, and strategic initiatives like the collaboration with KPMG and new pricing model.
The company's focus on AI adoption, product development, and margin improvement underscores a commitment to innovation, customer value, and sustainable growth.
While facing challenges in user conversion, growth consistency, and operational balance, Smartsheet's opportunities lie in sustained revenue growth, market differentiation, and international expansion.

Smartsheet reports robust Q2 earnings, AI adoption drives growth

Smartsheet's Q2 performance reflects strong customer expansion and revenue growth, driven by key deals and AI tool adoption.
While facing challenges in pricing models and market competition, the company's strategic focus on platform modernization and user experience bodes well for future success.
Opportunities lie in AI tool adoption, expansion deals, and raised guidance, positioning Smartsheet for continued growth and profitability.

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Smartsheet, Inc. engages in the design and development of a cloud-based platform for work management. It offers ways for customers to plan and manage work using tables, plans, projects, cards, Gantt charts, and calendars, as well as allowing users to toggle between views. The company was founded by W. Eric Browne, Maria Colacurcio, John D. Creason, and Brent R. Frei in 2005 and is headquartered in Bellevue, WA.

The Collaborative Work Management (CWM) market is often misunderstood by investors, leading to a low valuation of some companies in this sector. Smartsheet stands out as a leader in the CWM market, demonstrating robust growth, solid financials, and a compelling growth strategy.

Smartsheet: A Mispriced SaaS Leader

BELLEVUE, Wash.--(BUSINESS WIRE)--Smartsheet, the enterprise work management platform, announced today that it reached $1 billion in annualized recurring revenue.

Smartsheet Reaches $1 Billion in Annualized Recurring Revenue

BELLEVUE, Wash.--(BUSINESS WIRE)--Smartsheet (NYSE: SMAR), the enterprise work management platform, today announced that its CEO, Mark Mader, is scheduled to present at the 26th Annual Needham Growth Conference in New York, NY, on Wednesday, January 17, 2024 at 1:30 p.m. Eastern Time. A live webcast of the presentation will be accessible on Smartsheet's investor website https://investors.smartsheet.com. A replay of the presentation will be available on the website following the completion of th.

Smartsheet to Participate in the 26th Annual Needham Growth Conference

The average of price targets set by Wall Street analysts indicates a potential upside of 25.5% in Smartsheet (SMAR). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Wall Street Analysts Believe Smartsheet (SMAR) Could Rally 25.47%: Here's is How to Trade

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Does Smartsheet (SMAR) have what it takes to be a top stock pick for momentum investors? Let's find out.

What Makes Smartsheet (SMAR) a Strong Momentum Stock: Buy Now?

After reaching an important support level, Smartsheet (SMAR) could be a good stock pick from a technical perspective. SMAR recently experienced a "golden cross" event, which saw its 50-day simple moving average breaking out above its 200-day simple moving average.

Smartsheet (SMAR) Just Flashed Golden Cross Signal: Do You Buy?

Smartsheet has rallied more than 20% this year and outperformed the S&P 500, making it an attractive stock for 2024. The company's focus on efficiency, remote work, and expanding customer base contribute to its growth prospects. Smartsheet's high gross margins and broad applicability make it a strong player in the software industry.

Smartsheet Will Continue Marching Higher In 2024

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Smartsheet (SMAR) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Earnings Estimates Rising for Smartsheet (SMAR): Will It Gain?

BELLEVUE, Wash.--(BUSINESS WIRE)--Smartsheet, the enterprise work management platform, today announced it was named a Leader in the 2023 Gartner Magic Quadrant for Collaborative Work Management (CWM). Smartsheet was recognized for its ability to execute and completeness of vision. Today's global enterprises demand a platform that provides teams of any size the foundation for managing projects, programs, and processes that scale with security IT trusts. Smartsheet provides customers with a flexi.

Smartsheet Named as a Leader in First Gartner® Magic Quadrant™ for Collaborative Work Management

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The consensus price target hints at a 25.2% upside potential for Smartsheet (SMAR). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Does Smartsheet (SMAR) Have the Potential to Rally 25.16% as Wall Street Analysts Expect?

Smartsheet Inc. (NYSE:SMAR ) Q3 2024 Earnings Conference Call December 7, 2023 4:30 PM ET Company Participants Aaron Turner - Head, Investor Relations Mark Mader - Chief Executive Officer Pete Godbole - Chief Financial Officer Conference Call Participants Scott Berg - Needham Michael Berg - Wells Fargo Securities Josh Baer - Morgan Stanley Jake Roberge - William Blair John DiFucci - Guggenheim Steve Enders - Citi Pinjalim Bora - JPMorgan Taylor McGinnis - UBS Taylor McGinnis - UBS Keith Bachman - Bank of Montreal Terry Tillman - Truist Ethan Bruck - Wolfe Research DJ Hynes - Canaccord John Byun - Jefferies Chris Fountain - RBC Capital Markets Operator Good day, and welcome to the Smartsheet Third Quarter Fiscal 2024 Earnings Call. Today's call is being recorded.

Smartsheet Inc. (SMAR) Q3 2024 Earnings Call Transcript

Smartsheet (NYSE: SMAR ) just reported results for the third quarter of 2024. Smartsheet reported earnings per share of 16 cents.

SMAR Stock Earnings: Smartsheet Beats EPS, Beats Revenue for Q3 2024

Although the revenue and EPS for Smartsheet (SMAR) give a sense of how its business performed in the quarter ended October 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Smartsheet (SMAR) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Smartsheet (SMAR) came out with quarterly earnings of $0.16 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to loss of $0.01 per share a year ago.

Smartsheet (SMAR) Q3 Earnings and Revenues Beat Estimates

BELLEVUE, Wash.--(BUSINESS WIRE)---- $SMAR #earnings--Smartsheet Inc. Announces Third Quarter Fiscal Year 2024 Results.

Smartsheet Inc. Announces Third Quarter Fiscal Year 2024 Results

BELLEVUE, Wash.--(BUSINESS WIRE)--Smartsheet (NYSE:SMAR), the enterprise work management platform, and TIME together announced HP's Social Impact team as the first-ever TIME Team of the Year in partnership with Smartsheet for their work to promote digital equity. The recognition is part of a branded content partnership between TIME and Smartsheet to analyze and celebrate teamwork. It is designed to recognize an enterprise team that is working together to solve one of the world's greatest issues.

HP's Social Impact Team Named Inaugural TIME Team of the Year in a Branded Content Partnership with Smartsheet

BELLEVUE, Wash.--(BUSINESS WIRE)--Smartsheet Inc. (NYSE: SMAR), the enterprise work management platform, today announced that it will release its financial results for its third quarter of fiscal year 2024, which ended October 31, 2023, after the close of U.S. financial markets on December 7, 2023. Smartsheet executives will host a conference call and webcast that day at 4:30 p.m. ET (1:30 p.m. PT) to discuss the results. The dial-in number to access the call will be (888) 440-6385 or (646) 960.

Smartsheet to Announce Third Quarter of Fiscal Year 2024 Financial Results on December 7, 2023

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BELLEVUE, Wash. & SYDNEY--(BUSINESS WIRE)--Smartsheet (NYSE:SMAR), the enterprise work management platform, announced its newest Smartsheet Region in Australia, strengthening the company's commitment to better serve its growing list of Asia-Pacific-Japan (APJ) customers, such as Fox Sports Australia, University of Adelaide, Western Australian Mental Health Commission, and Wine Australia. Smartsheet Regions are instances of Smartsheet located in geographic areas around the world that enable cust.

Smartsheet Invests in Australia-based Data Hosting to Better Serve Global Customer Base

I recommend a buy due to SMAR potential accelerated growth driven by innovative products, converting Excel users, and shifting to paid users. The company has demonstrated strong financial performance and I expect it to reach $1.57 billion in revenue by FY26. The incorporation of AI and success in landing large deals highlight Smartsheet's product innovation and market strategy.

Smartsheet: The Smart Thing To Do Is Long The Stock

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Smartsheet's stock has underperformed this year due to slower billing growth rates and increased competition in the workflow software market. Counterbalancing the deceleration in billings and revenue growth is a hugely improved operating margin, driven by largely flat opex. The Company remains an attractive long-term investment with potential for growth, but investors should take a conservative position here.

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