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As of 9:50 a.m. ET, Asana stock was up about 40% and hitting 52-week highs. Beating the top end of guidance by 1% seems incompatible with a 40% gain in Asana's stock price.
Asana stock is still down roughly 90% from its pandemic peak, and the latest round of results shows the company is struggling, with revenue up 10% to $179.2 million, which edged out estimates at ...
Asana delivered revenue of $111.9 million, a 64% year-over-year uptick and coming in higher than the guided range of $104.5 million to $105.5 million. The figure also came in above Wall Street’s ...
Asana, Inc. (ASAN) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Equity markets had a strong start to the year. After a disappointing close on Friday, stocks roared back on Monday. Even the small-caps sector participated, and that is an important development.
Why would Asana (NYSE:ASAN) stock fall fast despite an earnings beat? That’s the billion-dollar question today, and the answer has to do with Asana’s current-quarter and full-year fiscal outlook.
Most of Asana’s (NYSE:ASAN) price decline in recent months is the product of market volatility. But we can’t blame external factors for what happened with ASAN stock on March 10. Source ...
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