Why Smartsheet Stock Is Soaring Again Today

Smartsheet (NYSE: SMAR) stock is posting big gains in Friday's trading. The productivity and collaboration software specialist's share price was up 5.8% as of 12:30 p.m. ET, according to data from S&P Global Market Intelligence.Smartsheet stock is climbing after the company published better-than-expected results for the second quarter of its 2025 fiscal year (which ended July 31). Today's bullish momentum follows big gains yesterday after it was reported that the company was potentially on track to be acquired by a group of private-equity firms.Smartsheet posted non-GAAP (generally accepted accounting principles) adjusted earnings per share of $0.44 in fiscal Q2, which came in far better than the average analyst estimate's call for adjusted earnings of $0.29 per share. Meanwhile, revenue increased roughly 17% year over year to hit $276.4 million -- beating the average Wall Street target by $1.94 million. Annualized recurring revenue increased 17% year over year to hit $1.093 billion, and the company posted $57.2 million in free cash flow -- a new record for the business. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool