SMAR News

Please note the removal of "for 120 days" from the end of the first sentence, first paragraph of the release dated March 18, 2020.

Yahoo Finance catches up with Dropbox co-founder and CEO Drew Houston to discuss the future for the tech outfit after the COVID-19 pandemic.

Smartsheet Inc. Announces Fourth Quarter and Full Fiscal Year 2020 Results

Smartsheet (SMAR) fourth-quarter fiscal 2020 results benefit from customer wins and growth in business value.

Smartsheet (SMAR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Today we will run through one way of estimating the intrinsic value of Smartsheet Inc. (NYSE:SMAR) by projecting its...

Smartsheet Inc. (NYSE: SMAR), the platform for enterprise achievement, today announced that it will release its financial results for its first quarter of fiscal year 2021 which ended April 30, 2020 after the close of U.S. financial markets on June 3, 2020. Smartsheet executives will host a conference call that day at 4:30 p.m. ET (1:30 p.m. PT) to discuss the results. The dial-in number to access the call will be (877) 274-9243 or (647) 689-5417 (outside of the US). The conference ID is 4242968.

Smartsheet (SMAR) delivered earnings and revenue surprises of 18.75% and 1.11%, respectively, for the quarter ended January 2020. Do the numbers hold clues to what lies ahead for the stock?

Smartsheet (NYSE: SMAR), the platform for enterprise achievement, today announced that 89% of Generation Z and 91% of Millennial workers report difficulty working from home as a result of COVID-19, according to a global survey of professionals conducted by ENGINE INSIGHTS and commissioned by Smartsheet.

Smartsheet Inc. shares rose in the extended session Tuesday after the cloud-based work platform's results topped Wall Street estimates. Smartsheet shares rose 1.1% after hours, following a 14.2% rise in the regular session to close at $36.60. The company reported a fourth-quarter loss of $28.2 million, or 24 cents a share, compared with a loss of $11.7 million, or 11 cents a share, in the year-ago period. The adjusted loss was 13 cents a share, compared with 7 cents a share in the year-ago period. Revenue rose to $78.5 million from $52.2 million in the year-ago quarter. Analysts surveyed by FactSet had forecast a loss of 16 cents a share on revenue of $77.7 million. Smartsheet expects a loss of 21 cents to 19 cents a share on revenue of $82 million to $83 million for the first quarter, and a loss of 62 cents to 55 cents a share on revenue of $373 million to $378 million for the year. Analysts had forecast a loss of 15 cents a share on revenue of $81.6 million for the first quarter, and a loss of 53 cents a share on revenue of $372.4 million for the year.

Smartsheet (NYSE: SMAR), the platform for enterprise achievement, today announced that despite being more tech fluent, 95% of Generation Z and 93% of Millennial workers report difficulty working from home as a result of COVID-19, according to a survey of professionals conducted by ENGINE INSIGHTS and commissioned by Smartsheet.

Smartsheet Inc. (NYSE:SMAR), which is in the software business, and is based in United States, received a lot of...

NEW YORK, NY / ACCESSWIRE / March 17, 2020 / Smartsheet, Inc. (NYSE:SMAR) will be discussing their earnings results in their 2020 Fourth Quarter Earnings call to be held on March 17, 2020 at 4:30 PM Eastern ...

Smartsheet (NYSE: SMAR), the platform for enterprise achievement, today announced that young Australian workers including 93% of Generation Z and 90% of Millennials are reporting difficulty working remotely as a result of COVID-19, according to a survey of professionals conducted by ENGINE INSIGHTS and commissioned by Smartsheet.

We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]

Smartsheet (SMAR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

While a few states have begun to relax their stay-at-home orders -- and a handful never imposed them -- about 290 million Americans remain under state- or municipality-imposed restrictions that prevent all but essential workers from going to their jobs. The Motley Fool has a disclosure policy.

Slack and Dropbox have built up cash war chests and may be on the prowl for acquisitions.

(Bloomberg Opinion) -- The coronavirus is changing the way we work. As more governments implement stricter shelter-in-place orders, corporations and their employees are scrambling to figure out how to conduct business operations in a work-at-home world. First, new hardware is required. Sales of monitors, webcams and laptops are soaring as people build out their home offices. But that’s the easy part.The bigger issue is how to enable similar levels of productivity without the many brief conversations and in-person meetings during a typical day at the office. To accomplish this, companies are increasingly turning to a handful upstarts in the aptly named workforce collaboration software category. These are the tools, initially designed for use in an office, which the world has now discovered work so well when trying to stay connected remotely, from video conferencing to electronic messaging platforms. And as they gain traction in the home workspace, it seems more and more likely they’ll stick once we’re all back in the office again, accelerating a trend toward greater usage that was happening anyway.Three tools that particularly stand out come from Zoom Video Communications Inc., Slack Technologies, Inc.  and Smartsheet Inc. What these companies have in common is they are upstarts, their products are arguably best-in-class for what they do and they’ve all seen their shares jump amid the widening coronavirus crisis.As recently as a couple months ago, the companies faced challenges in trying to raise awareness for their offerings. Microsoft Corp. and Cisco Systems, Inc. have much larger marketing budgets and deeper relationships with Fortune 500 tech buyers. Well that is less of a problem now. The need to just get work done has become a showcase opportunity for the best-of-breed software vendors to break through the noise and put some distance between their products and  the tech-industry goliaths’ less-capable offerings.Zoom is further along in the brand-awareness process. By now, everyone knows how the company is thriving as the video-conferencing pure play of choice. Earlier this month, Zoom CEO Eric Yuan said on a call, “Given this coronavirus, I think that overnight almost every business really understands they needed a tool like this. This will dramatically change the landscape.” Last week, Bernstein’s survey of 516 working adults revealed Zoom’s momentum continues to rise. Based on an analysis of responses, the data implied Zoom’s boost in usage among knowledge workers was more than double, versus any other vendor since the coronavirus crisis began. Zoom’s success will have ramifications for when the crisis ends too. As businesses get acclimated to using inexpensive, high-quality videoconferencing, executives may realize the prior level of travel spend simply isn’t worth the cost.Smartsheet is also flourishing in the moment. The company makes software that automates business processes and workflows without requiring technical programming skills. For example, it can replace the manual data entry into Excel spreadsheets by using automatically updated web-enabled forms, improving accuracy and productivity. Earlier this month, the company posted 58% quarterly billings growth for its fiscal fourth quarter and said it wasn’t seeing a negative impact from the coronavirus.And then there’s Slack. The messaging platform has seen a surge in demand for its service, and as a hard-core user myself, I can vouch for how Slack has improved communications with colleagues inside and outside the office. Compared to email, it enables a faster form of iterative communication, similar to a back-and-forth real-life discussion with a co-worker, saving time and increasing understanding. Perhaps even more important, the software offers a searchable repository of conversations, documents and files that enables an efficient knowledge transfer to other team members.Many companies have started realizing Slack’s utility in recent weeks. Late Wednesday — in a now-epic tweet thread chronicling the explosion in demand for Slack and pressures on the company to meet it — CEO Butterfield revealed updated growth metrics for the current quarter, and they were jaw-dropping. In about two months, Slack had acquired 9,000 new paid customers, a figure 80% higher than the roughly 5,000 in each of the prior two quarters. Average messages sent per day per user were also up 20%.Slack shares rose 10% Thursday as investors cheered the improving metrics, and have largely held that gain since.  It’s important to note that even after these gains, Slack is trading only a few dollars above its $26-a-share initial direct-listing price in June 2019, and for much of its time as a public company has traded below that level. Moreover, there is no guarantee the rising usage will translate into a permanent customer base; there will be some users, perhaps, who drop the service when things are working more normally. And there may be major corporate layoffs and losses from economic shocks that could make larger enterprise deals more difficult to close. Butterfield himself is aware of this, saying Friday in an interview with Bloomberg Television that the company’s current pace of growth “is just not sustainable … We would have the whole world on it in a couple of months if we kept going.”But as workers form new ingrained habits using these tools, they will become that much harder to give up. This points to better sustainable results for Zoom, Slack and Smartsheet over time.This column does not necessarily reflect the opinion of Bloomberg LP and its owners.Tae Kim is a Bloomberg Opinion columnist covering technology. He previously covered technology for Barron's, following an earlier career as an equity analyst.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

Citi analyst Walter Pritchard launched coverage of Dropbox and Atlassian with Buy ratings and Zoom Video Communications and Smartsheet with Neutral ratings.