Why SVMK Stock Popped Today

Why SVMK Stock Popped Today

Shares of software company SVMK (NASDAQ: SVMK), also known as SurveyMonkey, popped on Friday after the company beat its own revenue guidance for the first quarter of 2021. For the quarter, SVMK generated revenue of $102.3 million, up 16% year over year and exceeding the high end of its revenue guidance of $101.5 million. Sales to enterprise customers grew faster than total revenue, up 24% from last year and now accounting for 30% of total revenue.