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Is monday.com a good cloud stock to add to your portfolio? According to Stock News

© Reuters. Is monday.com a good cloud stock to add to your portfolio?

Shares of work OS software company monday.com (MNDY (NASDAQ :)) have fallen 27.9% in the past month, despite the company’s strong top-line growth in the last reported quarter. Did. Accelerating demand for proprietary no-code technology has boosted revenue, but given its very high reputation and concerns surrounding competition with the dominant players in the software industry, its share can recover in the short term. Can you do it? Israel-based cloud-based software platform monday.com Ltd. (MNDY) provides software applications in the United States, Europe, Middle East, Africa, and internationally. The working operating system provider was released on June 10, 2021 for $ 155 per share. Shares have risen 32.9% in the last 6 months, but have fallen 5.2% in the last 5 days to end the last trading session. $ 292.09.

MNDY’s share price fell 27.9% last month, despite strong third-quarter performance last month. Its ARR increased 231% year-on-year, but customers with more than 10 users had a net dollar retention of over 130%.

However, MNDY’s very high reputation has upset investors. With the increased adoption of Work OS and the launch of My Work, the top line has grown significantly, which should help accelerate user growth, Adobe, Inc. (NASDAQ :) and Microsoft Corp .. (NASDAQ :) may further retreat its stock.

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Is monday.com a good cloud stock to add to your portfolio? According to Stock News

https://www.investing.com/news/stock-market-news/is-mondaycom-a-good-cloud-stock-to-add-to-your-portfolio-2717734 Is monday.com a good cloud stock to add to your portfolio? According to Stock News

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