Home  »  Equity Investing   »  What is behind the decrease of Momentive Global In...

What is behind the decrease of Momentive Global Inc. (MNTV) stock in the premarket?

Momentive Global Inc. (MNTV) saw a decrease of 8.51% in the premarket after the company announced preliminary third-quarter results in 2021. However, the last trading session closed at $24.92 with an incline of 1.47%.

Do You Own These 7 Inflation-Survival Stocks?

Inflation is still near 40-year highs and rising prices are putting a big dent in our wallets. Unless you find out how to protect your portfolio and outpace inflation, you'll keep being at the mercy of economic factors out of your control. Especially since the price of electricity, food, and shelter are creeping up higher than ever. In this special report, I detail 7 stocks to help you survive and thrive in today's market. They're backed by solid companies, positioned to profit during tough economic times, and offer out-sized dividends to help you outpace inflation.

Click here to get your free copy of the report


Preliminary Third Quarter 2021 Financial Results

MNTV released preliminary third-quarter 2021 financial results on 28th October 2021. Total sales increased by 20% year over year to $114.8 million. Moreover, the revenue from enterprise sales increased by 37% year over year to $37.6 million. Enterprise sales revenue increased to almost 33% of total revenue in Q3 2020, up from around 29% in Q3 2020. Self-serve income grew by 13% year over year to $77.1 million. The non-GAAP operating margin was 6.5 percent, while the GAAP operating margin was negative 17.1 percent.

Furthermore, the non-GAAP operating margin surpassed the high end of the previously given target range of 2.0% to 4.0%. Operating operations generated $16.7 million in net cash and $14.7 million in free cash flow. Deferred revenue increased by 20% year over year to $197.6 million. Last but not least, the total amount of outstanding performance obligations was $222.6 million, up 21% year over year.

Acquisition of Momentive and Its Iconic SurveyMonkey Platform

On 28th October 2021, the company reported that Zendesk and MNTV have reached a final deal under which Zendesk will acquire Momentive, including its well-known survey platform SurveyMonkey. Zendesk anticipates the merger to be growth accretive in its first full operational year and to accelerate Zendesk’s sales goal to $3.5 billion in 2024, a year ahead of schedule.

MNTV’s enterprise traction is projected to grow because of the firms’ respective large client bases and complementary capabilities. To support the merger, Zendesk will deploy scale savings into enticing growth possibilities. Momentive CEO Zander Lurie will remain in charge of the company’s strong management team when the acquisition is completed.

GetFeedback Salesforce integration

On 6th October 2021, MNTV updated about the new connections formed between GetFeedback and the Salesforce platform. GetFeedback is a quick-to-deploy customer experience solution that doesn’t require a large investment in computing expertise or third-party consultants. It’s the highest customer feedback solution on Salesforce AppExchange, and it’s purpose-built for the Salesforce ecosystem.

Moreover, users can integrate the voice of the customer throughout more sections of the organization, raising awareness of CX feedback and accountability for CX results across teams, thanks to the improved Slack interface, Salesforce connectivity, and new GetFeedback app. Last but not least, these additional capabilities may assist CX teams in turning insight into action more quickly, reducing siloed data, scaling their efforts, and demonstrating the effectiveness of CX projects to key stakeholders.

Leave a Comment

Your email address will not be published. Required fields are marked *

Related Posts




The 5 Best Inflation Stocks for 2022

100% free. stop anytime no spam

Get our free report on the stocks that we recommend for investors who want to protect their portfolios from inflation.

Receive Best Stock To Trade Before The Opening Bell



100% Free. Stop Anytime. No Spam