Monday.com stock surges on new full-year profit forecast
The Yahoo Finance Live team discusses the surge in Monday.com's stock after the company reported new full-year profit expectations.
- Let's take a look at one trending ticker we're watching this Monday morning. Shares of monday.com are surging after the company said it now expects to report an adjusted operating profit for the year of $8 to $12 million, after previously saying it expected a loss of $32 to $36 million. The company's CFO said the new target is two years ahead of our prior expectations. Shares up 11% this morning.