Why Smartsheet Stock Just Surged

Jeremy Bowman, The Motley Fool
·2 min read
Why Smartsheet Stock Just Surged

Shares of Smartsheet (NYSE: SMAR) were climbing today after the software-as-a-service company posted better-than-expected results in its third-quarter earnings report. Smartsheet, which makes a collaborative work platform, said that revenue in the quarter jumped 38% to $199.6 million, which topped analyst estimates at $194.3 million. Smartsheet already serves 80% of the Fortune 500, so expanding contracts with large companies may be the biggest key to its growth.

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