The shares of software application development firm, monday.com Ltd., have dipped below 9% this Monday morning. This drop coincided with the company's release of its expected revenue figures for both the first quarter and the full year.
In the projections given by monday.com, its first quarter revenue was projected to be within the range of $207 to $211 million. Meanwhile, the average prediction from analysts, sourced from Thomson-Reuters, estimated the company's revenue to reach about $209.31 million.
According to monday.com's annual outlook, revenue for the year is anticipated to land somewhere between $926 to $932 million. Comparatively, a consensus estimate places the expected revenue at $927.54 million.
For added context, monday.com's shares, which are currently worth $213.47 million, have in the past year, been traded at values ranging from $108.35 to $239.22.
