Similarweb Ltd. Stock News

Similarweb's stock price performed well in 2024 as the company's business gained momentum. SMWB rose by over 170%, bringing its valuation to over $1.2 billion.

Downgrade from buy to hold due to valuation; recommend locking in gains (~69% over 4 months) as upside is now limited. 3Q24 earnings: 18% revenue growth, 470 bps adj EBIT margin expansion, adj EPS of $0.05, beating estimates. Fundamentals strong: 101% net retention rate, focus on large enterprise accounts, and multiyear deals driving revenue visibility.

Similarweb Ltd. (NYSE:SMWB ) Q3 2024 Earnings Conference Call November 13, 2024 8:03 AM ET Company Participants Rami Myerson - Vice President, Investor Relations Or Offer - CEO and Co-Founder Jason Schwartz - CFO Conference Call Participants Ryan MacWilliams - Barclays Jason Helfstein - Oppenheimer & Co. Arjun Bhatia - William Blair Scott Berg - Needham & Company Surinder Thind - Jefferies Patr...

TEL AVIV, Israel--(BUSINESS WIRE)--Similarweb Ltd. (NYSE: SMWB) ("Similarweb" or the "Company"), a leading digital data and analytics company powering critical business decisions, today announced financial results for its third quarter ended September 30, 2024. The Company published a letter to shareholders from management discussing these results, which can be accessed at the link: https://ir....

TEL AVIV, Israel--(BUSINESS WIRE)--Similarweb Ltd. (NYSE: SMWB), a leading digital data and web analytics company, today announced it will release third quarter 2024 financial results for the period ended September 30, 2024, on Tuesday, November 12, 2024, after the close of trading on the New York Stock Exchange. Management will host a conference call on Wednesday, November 13, 2024, at 8:30 a....

TEL AVIV, Israel & NEW YORK--(BUSINESS WIRE)--Similarweb today announced that it has been recognized as a leader in the Modern Marketing Data Stack 2025: How Leading Marketers Are Thriving In a World Redefined By AI, Privacy and Data Gravity executed and launched by Snowflake, the AI Data Cloud company. Similarweb was recognized in the Enrichment & Hygiene category for its ability to enrich and...

TEL AVIV, Israel & NEW YORK--(BUSINESS WIRE)--Similarweb (NYSE:SMWB) was recognized as the Alternative Data Provider of the Year at the Hedgeweek US Awards 2024 award ceremony in New York today. The award recognizes the benefits Similarweb's data and platform provide to investors leveraging non-financial measures of company performance as a way of anticipating market trends and evaluating the p...

Upgrading Similarweb to ‘Buy' due to improved revenue quality, net revenue retention, and margin profile, despite competitive pressures and modest revenue growth. Similarweb's operating expenses have stabilized, indicating a shift to sustainable growth. Competitive pressures from rivals like Semrush remain a concern, but Similarweb's focus on high-ticket, high-retention customers could drive fu...