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Smartsheet - SMAR STOCK NEWS

Welcome to our dedicated page for Smartsheet news (Ticker: SMAR), a resource for investors and traders seeking the latest updates and insights on Smartsheet stock.

Overview of Smartsheet

Smartsheet is a cloud-based SaaS platform that specializes in managing and automating collaborative work. As an enterprise software solution, it empowers businesses to streamline project management, enhance team collaboration, and accelerate business execution through an intuitive, data-integrated platform. Utilizing industry-leading technologies in cloud computing and integration, Smartsheet connects with essential applications such as those from Microsoft, Google, Salesforce, and Atlassian, providing a unified ecosystem that addresses the volume and velocity of modern work.

Core Capabilities and Business Model

At its core, Smartsheet operates on a subscription model, delivering continuous updates and innovative work management solutions. The platform allows organizations to manage complex workflows, automate repetitive tasks, and foster a culture of collaboration by merging data across various business functions. Its user-friendly interface and robust functionality make it a preferred platform for millions of information workers who rely on intelligent scheduling, real-time reporting, and seamless integration with mission-critical systems.

Market Position and Competitive Landscape

Smartsheet occupies a distinctive position in the competitive landscape of SaaS and enterprise work management solutions. Serving a varied clientele that includes significant representation from the Fortune 500, the company distinguishes itself with a comprehensive approach to work automation and collaboration. The platform is built to address challenges such as operational inefficiencies, fragmented communication, and the need for real-time data visibility, which are critical issues in today’s digital business environment. Its ability to integrate with multiple major applications reinforces its value proposition and underlines the extensive utility it offers to its users.

Technology and Integration

The platform leverages cutting-edge cloud technologies to offer a scalable and secure environment for collaborative work. With robust API integrations and extensive data connectivity features, Smartsheet enables users to create custom workflows, synchronize data across disparate systems, and maintain operational continuity. This technological synergy allows businesses to enhance productivity and make informed decisions, supported by the reliability and flexibility of Smartsheet’s integrated ecosystem.

Business Execution and Operational Efficiency

Smartsheet serves as a central hub for business execution by consolidating disparate work streams into a single, coherent interface. Its intuitive platform supports project planning, resource management, and real-time performance tracking. Businesses leveraging Smartsheet benefit from streamlined processes that reduce manual effort and foster a proactive approach to work management. The emphasis on automation and integration ensures that organizations can effectively navigate the complexities of modern, high-velocity collaborative work environments.

Key Features and User Benefits

  • Real-time Collaboration: Enables teams to communicate and collaborate seamlessly across projects.
  • Workflow Automation: Reduces manual tasks and accelerates business processes.
  • Data Integration: Connects with major applications to provide a unified view of enterprise data.
  • Scalable Architecture: Adapts to the needs of small businesses and large enterprises alike.
  • Enhanced Visibility: Offers comprehensive dashboards and reporting features for informed decision-making.

Conclusion

In summary, Smartsheet exemplifies a modern, dynamic SaaS platform that blends advanced technology with practical applications in work management. By addressing core business challenges such as communication barriers, data silos, and process inefficiencies, it establishes itself as an essential tool in the landscape of enterprise collaboration and automation. The company’s meticulous integration capabilities and robust infrastructure provide a reliable, scalable solution that caters to the evolving demands of today’s collaborative work environment.

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Smartsheet appoints Jo Deal as Chief People Officer to support the company's global workforce growth and development, aiming to enhance performance and drive business results in the post-$1 billion annualized recurring revenue growth phase.
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Smartsheet Inc. appoints Katie Rooney, a seasoned CFO, to its board of directors, bringing extensive financial and operational expertise. As the company reaches $1 billion in annual recurring revenue, Rooney's appointment signals a strategic move for global enterprise expansion.
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Smartsheet Inc. announces strategic executive team changes to drive growth post $1 billion ARR milestone. Max Long appointed President of Go-to-Market, Praerit Garg promoted to President of Product & Innovation. Mike Arntz and Andrew Bennett to retire, company focuses on customer-centric strategy.
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Smartsheet (SMAR) exceeded $1 billion in annualized recurring revenue in Q4, with total revenue growing 21% YoY to $256.9 million. The company ended the year with $628.8 million in cash and equivalents. Smartsheet reported strong financial and operational performance, showcasing growth in revenue, operating cash flow, and free cash flow.
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Smartsheet Inc. (SMAR) will release its financial results for Q4 and full fiscal year 2024 on March 14, 2024. The conference call and webcast will be hosted by Smartsheet executives to discuss the results. The webcast will be open to listeners through the events section of the Smartsheet investor relations website. A replay of the conference call will also be available for seven days.
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Smartsheet (NYSE:SMAR) announced reaching $1 billion in annualized recurring revenue (ARR) in Q4, following recognition as a Leader in Gartner's Magic Quadrant and two IDC reports. The company empowers collaborative work management and serves 85% of the 2023 Fortune 500 companies.
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Smartsheet (NYSE: SMAR) CEO Mark Mader to present at 26th Annual Needham Growth Conference
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Smartsheet (SMAR) was named a Leader in the 2023 Gartner Magic Quadrant for Collaborative Work Management (CWM) due to its ability to execute and completeness of vision. Smartsheet also received the distinction of being a Customers’ Choice in the 2023 Gartner Peer Insights 'Voice of the Customer' in the Collaborative Work Management market, with the highest rating (4.6 out of 5) and the highest percentage of customers willing to recommend the platform (98%). Smartsheet's placement as a Leader in the Magic Quadrant validates its long-standing commitment to innovation and customer-centric solutions.
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Smartsheet Inc. (NYSE: SMAR) reported third quarter total revenue growth of 23% year over year to $245.9 million, with operating cash flow of $15.1 million and free cash flow of $11.4 million. The company ended the quarter with $568.7 million in cash, cash equivalents, and short-term investments. Smartsheet also announced new platform features, Australia-based data hosting, and received recognition in various industry reports and rankings.
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Smartsheet (NYSE:SMAR) and TIME recognize HP's Social Impact team as the first-ever TIME Team of the Year for their work to promote digital equity, aiming to impact 150 million people by 2030. HP's efforts have already positively impacted 21.3 million people globally, addressing the digital divide and empowering marginalized communities. The recognition highlights HP's commitment to community, collaboration, and innovation, as well as their mission to create more equity in the digital economy.
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FAQ

What is the current stock price of Smartsheet (SMAR)?

The current stock price of Smartsheet (SMAR) is $56.47 as of February 7, 2025.

What is the market cap of Smartsheet (SMAR)?

The market cap of Smartsheet (SMAR) is approximately 7.9B.

What is the primary function of Smartsheet?

Smartsheet is a cloud-based SaaS platform designed to manage and automate collaborative work, enabling users to streamline workflows and integrate data from various business applications.

How does Smartsheet generate revenue?

The company operates on a subscription-based model, providing continuous service updates and access to a range of work management and automation features for its users.

Who are the typical users of Smartsheet?

The platform serves a diverse clientele, from small and medium-sized enterprises to large corporations, including many Fortune 500 companies, that require enhanced task automation and data integration.

What sets Smartsheet apart in the competitive landscape?

Smartsheet’s ability to integrate with critical applications like Microsoft, Google, Salesforce, and Atlassian, combined with its comprehensive workflow automation and real-time data synchronization, distinguishes it from other work management tools.

Can Smartsheet integrate with other business applications?

Yes, Smartsheet is built to integrate seamlessly with major business applications, facilitating a unified view of enterprise data and ensuring smoother process integration across different platforms.

What benefits do businesses gain from using Smartsheet?

Businesses benefit from enhanced collaborative capabilities, improved operational efficiency through workflow automation, and better decision-making supported by real-time reporting and extensive integration options.

Is Smartsheet considered suitable for large enterprises?

Absolutely. Smartsheet is designed to scale with the needs of large organizations, offering robust security, extensive integration, and advanced features that support complex, enterprise-level workflows.
Smartsheet

NYSE:SMAR

SMAR Rankings

SMAR Stock Data

7.91B
129.43M
2.93%
90.21%
1.88%
Software - Application
Services-prepackaged Software
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United States
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