Profile
Sector:
TechnologyIndustry:
Software ApplicationCountry:
United StatesIPO:
30 September 2020Website:
http://asana.comNext earnings report:
05 December 2024Last dividends:
N/ANext dividends:
N/APrice
after hours | Sat, 16 Nov 2024 00:32:31 GMTDividend
Analysts recommendations
Institutional Ownership
ASAN Latest News
SAN FRANCISCO--(BUSINESS WIRE)--Asana, Inc. (NYSE: ASAN)(LTSE: ASAN), a leading work management platform, announced today that it will release financial results for the third quarter fiscal year 2025 on Thursday, December 5, after the close of the U.S. markets. In conjunction with the announcement, the company will host a webcast on the same day at 1:30 p.m. Pacific time (4:30 p.m. Eastern time) to discuss the financial results. The live webcast and replay will be available on the Asana Investo.
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SAN FRANCISCO--(BUSINESS WIRE)--Asana, Inc. (NYSE: ASAN)(LTSE: ASAN), a leading work management platform, today announced the appointment of Sonalee Parekh as Chief Financial Officer, effective September 11, 2024. Parekh will succeed Tim Wan, who has served in the role since 2017. Wan will remain with the company in an advisory position to support the transition. Parekh brings more than 25 years of experience in the technology and banking sectors to Asana, having previously held executive finan.
Asana beat estimates in Q2, but guidance disappointed. The company lowered its full-year revenue forecast.
Asana Inc ASAN shares tanked in early trading on Wednesday, even after the company reported upbeat second-quarter results.
Shares of Asana fell after the company projected third-quarter results that missed Wall Street's estimates and lowered the high end of its full-year outlook.
Asana, Inc. (ASAN) came out with a quarterly loss of $0.05 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to loss of $0.04 per share a year ago.
Asana was part of the 2021 euphoria in the stock market and experienced a meteoric rise and fall in stock prices. Its stratospheric growth rates were never sustainable but its growth seems have stabilized and operational costs are starting to be reined in. Despite the challenges, Asana's platform remains relevant in today's environment, focusing on enhancing productivity and collaboration for remote teams.
Asana has underperformed along with the software sector due to slowing top-line growth. Customers have held back headcount growth amidst the higher interest rate environment. The company has a large net cash position and is targeting a second half acceleration in growth rates.
Asana has fallen sharply in May and June, despite a strong Q1 earnings print that showed barely any deceleration in revenue. The company has maintained a very conservative outlook for FY25, positioning itself for further beat-and-raise quarters. The stock trades at a very cheap ~3x FY26 revenue multiple.
What type of business is Asana?
Asana, Inc., together with its subsidiaries, operates a work management platform for individuals, team leads, and executives in the United States and internationally. Its platform helps organizations to orchestrate work from daily tasks to cross-functional strategic initiatives; manage work across a portfolio of projects or workflows, see progress against goals, identify bottlenecks, resource constraints, and milestones; and communicate company-wide goals, monitor status, and oversee work across projects and portfolios to gain real-time insights. The company serves customers in various industries, such as technology, retail, education, non-profit, government, healthcare, hospitality, media, manufacturing, professional services, and financial services. The company was formerly known as Smiley Abstractions, Inc. and changed its name to Asana, Inc. in July 2009. Asana, Inc. was incorporated in 2008 and is headquartered in San Francisco, California.
What sector is Asana in?
Asana is in the Technology sector
What industry is Asana in?
Asana is in the Software Application industry
What country is Asana from?
Asana is headquartered in United States
When did Asana go public?
Asana initial public offering (IPO) was on 30 September 2020
What is Asana website?
https://asana.com
Is Asana in the S&P 500?
No, Asana is not included in the S&P 500 index
Is Asana in the NASDAQ 100?
No, Asana is not included in the NASDAQ 100 index
Is Asana in the Dow Jones?
No, Asana is not included in the Dow Jones index
When was Asana the previous earnings report?
No data
When does Asana earnings report?
The next expected earnings date for Asana is 05 December 2024