Weave Communications (WEAV) Stock: Why Its Trending Today

By Amit Chowdhry ● Mar 3, 2022
  • The Weave Communications Inc (NYSE: WEAV) stock is trending today. This is why.

The Weave Communications Inc (NYSE: WEAV) stock is trending today. And the company stock price fell by over 20% during intraday trading today.

Investors are responding to the company’s fourth-quarter results. Weave Communications reported a Q4 EPS of ($0.26), which was $0.01 less than analyst estimates of ($0.25). And the revenue for the quarter was $31.8 million compared to the consensus estimate of $32.12 million.

Going forward, Weave Communications expects FY2022 revenue of $136-$140 million, compared to the consensus of $152.3 million.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.