This AI-Powered Software Stock Is Slumping 19% After Earnings. Here’s Why.
1. MNDY exceeds earnings at $1.16 per share; revenue at $316.9 million. 2. Shares dropped 19% after revenue forecast of $329 million missed expectations. 3. The company integrates AI features, launched three new products in July. 4. Historical trends show stocks fell after earnings guidance in previous reports. 5. MNDY faces competition from Atlassian and Asana in the market.