Smartsheet reported a strong Q3 quarter with revenue growing 53% and billings growth 52%, both above expectations.
Management raised FY20 revenue guidance by ~$3.5 million at the midpoint, more than the ~$2 million Q3 revenue beat, signaling strength in the business.
Valuation remains expensive at ~18x forward revenue and the current price reflects at least two more years of strong revenue growth.
Coming off a rather disappointing Q2, Smartsheet (SMAR) reported a strong Q3 earnings and raised their FY20 guidance. The stock initially traded down ~5%; however, over the past few weeks, the stock recovered