Asana Stock News

On Friday, Asana Inc. (NYSE:ASAN) shares plunged by more than 26% after reporting its fiscal third-quarter results. The company announced its most recent quarterly revenue and earnings before markets

Asana (NYSE:ASAN) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of ($0.28)-($0.27) for the period, compared to the Thomson Reuters consensus estimate of ($0.27). The company issued revenue guidance of $104.5-105.5 million, compared to the consensus revenue estimate of $98.73 million.Asana also updated its FY 2022 guidance []

Asana (NYSE:ASAN) issued an update on its FY 2022 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $-0.960-$-0.950 for the period, compared to the Thomson Reuters consensus estimate of $-1.000. The company issued revenue guidance of $371 million-$372 million, compared to the consensus revenue estimate of $358.75 million.Asana also []

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The COVID-19 pandemic led to the rise of many things the retail investor, to-go margaritas and virtual rap battles to name a few. But potentially the biggest beneficiary of the pandemic has been companies in the work-from-home industry and software-as-a-service (SaaS) companies. DocuSign Inc (NASDAQ: DOCU ), a company that allows businesses and individuals to legally sign contracts electronically, saw its stock skyrocket from around $90 to highs of $300 during the COVID-19 pandemic. Asana Inc (NYSE: ASAN ) is a business that specializes in helping work teams optimize their projects and tasks, especially when those working are remote and not in the office together. Asanas stock went public in October, 2020, Full story available on Benzinga.com

Asana has reported positive earnings but ASAN stock is still falling. As it turns out, there are several reasons why investors are spooked.

Earnings were good, but the market is punishing high-growth but richly valued stocks right now.

Asana has reported positive earnings but ASAN stock is still falling. As it turns out, there are several reasons why investors are spooked.

Over the past 3 months, 6 analysts have published their opinion on Asana (NYSE: ASAN ) stock. These analysts are typically

Earnings were good, but the market is punishing high-growth but richly valued stocks right now.

In last trading session, Asana Inc. (NYSE:ASAN) saw 4.86 million shares changing hands with its beta currently measuring 0. Companys recent per share price level of $91.00 trading at $1.04 or 1.16% at ring of the bell on the day assigns it a market valuation of $16.71B. That closing price of ASANs stock is at Asana Inc. (NYSE:ASAN) Is -14.79% Lower Than A Week Ago, Can It Hit Well Above -$15.80? Read More »

Asana's (ASAN) third-quarter fiscal 2022 results benefit from an expanding user base and strong retention rate.