Asana Reports Mixed Q2 Results, Management Guidance 'Disappointing Overall,' Says Analyst, Implies Lower 2H Growth
Portfolio Pulse from Priya Nigam
Asana Inc (NYSE:ASAN) reported mixed Q2 results, with a better-than-expected non-GAAP loss but disappointing management guidance. Analysts have lowered price targets and expressed concerns over decelerating revenue growth and macroeconomic headwinds. Shares fell 5.94% to $12.50.
September 04, 2024 | 6:41 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Asana's Q2 results showed a better-than-expected non-GAAP loss but disappointing guidance, leading to a 5.94% drop in share price. Analysts lowered price targets due to decelerating revenue growth and macroeconomic challenges.
Asana's better-than-expected non-GAAP loss was overshadowed by disappointing guidance and decelerating revenue growth. Analysts lowered price targets, reflecting concerns over macroeconomic headwinds and the company's financial outlook. This led to a significant drop in share price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100