Why Medallia Stock Got Crushed Today

Evan Niu, CFA, The Motley Fool
·2-min read
Why Medallia Stock Got Crushed Today

Shares of Medallia (NYSE: MDLA) have gotten crushed today, down by 27% as of 11:15 a.m. EST, after the company reported fiscal fourth-quarter earnings. The results were mixed relative to expectations, and Medallia said it would acquire Decibel. "During Q4, we achieved important milestones with quarterly subscription revenue exceeding $100 million and total annual revenue run rate exceeding the $500 million mark," CEO Leslie Stretch said in a statement.