Similarweb Ltd Stock Price, News & Analysis

Similarweb (NYSE: SMWB) has announced its acquisition of Rank Ranger, a leader in SEO and rank tracking. This strategic move enhances Similarweb's offerings by integrating Rank Ranger's rank tracking with its existing keyword analysis capabilities, providing a more comprehensive SEO suite for enterprises. The acquisition allows users to monitor keywords' ranking and the traffic they generate, significantly improving search marketing efficiency. Financial terms of the deal were not disclosed.

Similarweb Ltd. (NYSE: SMWB) reported a 51% revenue growth in Q1 2022, totaling $44.3 million, compared to $29.4 million in Q1 2021. The company had a GAAP operating loss of $(26.2) million and a net loss per share of $(0.34). Customer growth reached 3,664, marking a 27% increase year-over-year. Remaining performance obligations rose 68%, reaching $159.1 million. The company has raised its full-year revenue forecast to between $196.0 million and $197.0 million, reflecting continued investments for growth.

Similarweb Ltd. (NYSE: SMWB) is set to announce its Q1 2022 financial results on May 10, 2022, after market close. A conference call will follow on May 11, 2022, at 8:30 a.m. EST to discuss the results. Investors can access the live webcast from the company's Investor Relations website and dial in via phone. This upcoming disclosure indicates the company's commitment to transparency and investor engagement in its digital intelligence services.

Similarweb (NYSE: SMWB) has filed its annual report on Form 20-F for the fiscal year ending December 31, 2021, with the U.S. Securities and Exchange Commission. Shareholders can access the report through the SEC's website or the company’s investor relations site. Additionally, hard copies of the complete audited financial statements are available to shareholders upon request. Similarweb is recognized for providing digital intelligence insights that empower users to understand online behavior and make informed business decisions.

Similarweb Ltd. (NYSE: SMWB), a leading digital intelligence company, announced that its management team will present at the JMP Securities Technology Conference on March 7, 2022, at 3:30 PM Pacific Time. Interested parties can access a live webcast and replay on Similarweb’s Investor Relations website. Similarweb is a trusted platform for understanding online behavior, offering insights that empower users, from individuals to business leaders, to make informed decisions in the digital ecosystem.

Similarweb Ltd. (NYSE: SMWB) announced a robust fourth quarter 2021, with revenue reaching $40.2 million, a 51% year-over-year increase. Net Revenue Retention (NRR) for customers with $100K+ Annual Recurring Revenue (ARR) improved to 125%. The total ARR grew to $165 million, up 44%. Despite a GAAP operating loss of $(22.9) million and cash equivalents reducing to $128.9 million, the company projects an optimistic Q1 2022 revenue guidance of $41.1 million to $41.5 million, indicating continued growth momentum.

Similarweb (NYSE: SMWB) announced a new data licensing alliance with App Annie, integrating mobile app market data into its product suite. This collaboration will enable companies to access comprehensive web and mobile app insights from a single vendor. Set to launch in Q2, the new module will provide key mobile app metrics, enhancing clients' ability to optimize digital growth strategies. Similarweb’s Chief Product Officer emphasized the importance of accurate data collection and privacy compliance.