Sidestepping Macro Headwinds, Pivoting To Growth And Profitability

Mar. 16, 2023 9:13 AM Ltd. (MNDY)
Bert Hochfeld profile picture
Bert Hochfeld


  •'s latest quarter was exceptionally strong with revenues, earnings and free cash flow margins far exceeding expected levels.
  • Of more importance, unlike many other high growth IT companies, the company raised guidance for both earnings and revenues.
  • The company is enjoying noteworthy market share gains as it pivots its sales effort to larger users.
  • Unlike competitors the company is not having to layoff members of its team to achieve noticeable improvements in non-GAAP operating margins.
  • The company has achieved notable early success in its strategy to leverage its workflow technology to penetrate adjacent market opportunities.

Business hand clicks virtual screen to document management, online documentation database and digital file storage system/software, records keeping, database technology, file access, doc sharing.

Khanchit Khirisutchalual leading the charge in the workflow management space.

It was Monday when I started writing this article, and this is an article about the eponymously named company. That said, most readers and investors have been focused on market reaction

This article was written by

Bert Hochfeld profile picture
Bert Hochfeld graduated with a degree in economics from the University of Pennsylvania and received an MBA from Harvard. Mr. Hochfeld has enjoyed a long career in the tech world, working for IBM, Memorex/Telex, Raytheon Data Systems, and BMC Software. Starting in the 1990s, Mr. Hochfeld worked as a sell-side analyst and won awards from the Wall Street Journal for his coverage of the software space. In 2001, Mr. Hochfeld formed his own independent research company, Hochfeld Independent Research Group, which provided research services to major institutions including Fidelity, Columbia Asset, SAC Capital, and many other prominent institutions and hedge funds. He also operated the Hepplewhite Fund, a hedge fund that specialized in technology investments. Hedge Fund Research, an independent 3rd party firm that specializes in ranking managers, rated the Hepplewhite Fund as the best performing small-cap fund for the 5 years ending in 2011. In 2012, Mr. Hochfeld was convicted of misappropriating funds from a hedge fund he operated. Mr. Hochfeld has published more than 500 articles on Seeking Alpha, all dealing with companies in the information technology space. Highly esteemed for his investment wisdom accumulated over decades, Mr. Hochfeld ranks in the top 0.1% of Tip Ranks analysts for his selection of information technology stocks and their subsequent successes.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in MNDY over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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