HubSpot just reported Q1 earnings, and per usual, the company has beat analysts' expectations.
The company also raised its FY18 guidance range to $489-$492 million (+31% y/y), up from a prior guidance midpoint of $483 million and ahead of consensus expectations.
Average subscription revenue per customer, however, dipped in the quarter, showcasing the company's increasing tilt toward SMBs.
Though a fantastic growth stock, HubSpot looks dearly valued at 8.4x forward revenues.
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