Comment on Why Shares of Smartsheet Inc. Surged Today

Why Shares of Smartsheet Inc. Surged Today

Shares of Smartsheet (NYSE: SMAR) jumped on Tuesday after the cloud collaboration software provider reported its first-quarter results. Smartsheet beat analyst estimates for both revenue and earnings, and it provided guidance that was ahead of expectations. The stock was up about 13.9% at 12:30 p.m. EDT.Smartsheet reported first-quarter revenue of $36.3 million, up 63% year over year and about $3.2 million higher than the average analyst estimate.

 

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