monday.com (NASDAQ:MNDY) shares fell about 6% on Monday after the software company issued third quarter revenue guidance that came in slightly below Wall Street expectations, overshadowing a second quarter earnings and revenue beat. For the third quarter, monday.com forecast revenue of $368 million to $370 million, representing year-over-year growth of 16% to 17%.
monday.com NASDAQ: MNDY reported second-quarter fiscal 2026 revenue growth of 22% year over year and expanded its non-GAAP operating margin, while outlining a broad organizational restructuring intended to support a shift toward AI-enabled products and larger enterprise customers.
Monday.com (MNDY) came out with quarterly earnings of $1.48 per share, beating the Zacks Consensus Estimate of $1.14 per share. This compares to earnings of $1.09 per share a year ago.
Monday.com (MNDY) closed the most recent trading day at $91.45, moving 2.51% from the previous trading session.
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Monday.com (MNDY) reached $88.16 at the closing of the latest trading day, reflecting a -2.32% change compared to its last close.
Recently, Zacks.com users have been paying close attention to Monday.com (MNDY). This makes it worthwhile to examine what the stock has in store.
Monday.com, the Tel Aviv-based work management software company known for its colorful, customizable project-tracking boards, this week became the latest tech company to cite AI as a factor in job cuts. On Wednesday, the company said in an SEC filing that it will lay off about 20% of its workforce, or just over 600 employees, as part of a “restructuring plan” tied to its “ongoing transformation of its product, marketing, and go-to-market strategy” in support of “a leaner, more focused operating model” as it continues investing in its “AI-driven growth strategy.
Monday.com has just become the latest company to lay off its employees in favor of AI.
Israeli workplace software maker Monday.com is laying off hundreds of employees as part of a restructuring plan to refocus its investments around AI projects.
Monday.com plans to cut 20% of its workforce, the company said in a securities filing. The project management platform cited its "AI-driven growth strategy" in the disclosure.
Monday.com (NASDAQ:MNDY) is cutting approximately 20% of its global workforce as the Israeli workplace software company restructures its operations around a shift toward AI-enabled collaboration between employees and autonomous agents. The company will eliminate around 620 roles worldwide, according to a letter sent to employees by co-founders Roy Mann and Eran Zinman, who described the decision as the “most painful” since the company's founding.