Weave Communications (WEAV) Stock

Weave's introduction of the New Weave platform and early success of Weave Enterprise demonstrate strategic maturity and long-term growth potential. Q3 results show strong revenue retention with gross and net retention levels at 92% and 98%, respectively, driven by successful product upsells. Continued gross margin expansion to 72% in Q3, with long-term targets of 75%-80%, indicates sustainable profitability improvements.

Does Weave Communications, Inc. (WEAV) have what it takes to be a top stock pick for momentum investors? Let's find out.

Weave Communications and Ribbon Communications are included in the Zacks Industry Outlook report.

Software companies that focus on communication networks, such as Weave Communications (WEAV) and Ribbon Communications (RBBN), are gaining advantages from the continuous move towards digital technology. This includes the transition to cloud computing and the quick rollout of 5G networks.

Weave Communications beat Q3 2024 revenue and earnings estimates, showing strong growth in revenue, bookings, and net revenue retention rate. The healthcare marketing and communications market is projected to grow significantly, benefiting Weave's SaaS offerings targeting healthcare and home service SMBs. Weave's strategic partnership with Patterson Dental and increased vendor interest enhance its growth prospects and valuation remains reasonable at a forward EV/Sales multiple of 5.5x.

DUBAI, United Arab Emirates, Nov. 22, 2024 (GLOBE NEWSWIRE) -- CoreNest Capital , one of the most dynamic emerging players in venture capital, has announced its latest round of investments, backing seven innovative companies: OpenAI, xAI, Weave Robotics, Blaze Money, Domu, Phonely, Andromeda Surgical, and Texture Capital. These strategic investments underscore CoreNest's commitment to driving transformative growth across AI, robotics, MedTech, and fintech sectors.

Does Weave Communications, Inc. (WEAV) have what it takes to be a top stock pick for momentum investors? Let's find out.

Weave Communications (WEAV) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

LEHI, Utah--(BUSINESS WIRE)--Weave (NYSE: WEAV), a leading all-in-one customer experience software and payments platform for small and medium-sized healthcare businesses, today announced it will release its financial results for the third quarter 2024 after U.S. markets close on Wednesday, October 30, 2024. Company management will host a conference call and webcast at 4:30 p.m. ET to discuss Weave's financial results and provide a business update. Individuals interested in listening to the conf.