Smartsheet Inc. Announces Fourth Quarter and Full Fiscal Year 2019 Results
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Smartsheet Inc. (SMAR) PT Raised to $53 at RBC Capital
March 20, 2019 6:41 AM EDTRBC Capital analyst Ross MacMillan raised the price target on Smartsheet Inc. (NYSE: SMAR) to $53.00 (from $50.00) while maintaining a Outperform rating.
strong F4Q19 results with billings growing +63% Y/Y off a tough comphighest ever dollar retention rate at 134% and positive CFFO/ FCF... MoreSmartsheet (SMAR) Tops Q4 EPS by 7c, Revenues Beat; FY20 EPS Guidance Below Consensus, FY20 Revenue Guidance Above Estimates
March 19, 2019 4:12 PM EDTSmartsheet (NYSE: SMAR) reported Q4 EPS of ($0.07), $0.07 better than the analyst estimate of ($0.14). Revenue for the quarter came in at $52.2 million versus the consensus estimate of $49.75 million.
"Q4 capped a great year for Smartsheet," said Mark Mader, CEO of Smartsheet. "Our work execution platform continues to empower customers across the globe, our leadership in the expanding Collaborative Work Management market continues to strengthen, and we remain intensely focused on helping enterprises achieve a competitive advantage through digital transformation."
"The momentum in our business is supported by strength across our key metrics,"... More
