Streetbeat News

FRSH

Freshworks Inc.

https://www.freshworks.com

Industry

Software - Application

Freshworks Inc., a software development company, provides modern software-as-a-service products worldwide. Freshworks Inc. was formerly known as Freshdesk Inc. and changed its name to Freshworks Inc. in June 2017. The company was incorporated in 2010 and is headquartered in San Mateo, California.

Open

16.34

Mkt cap

4.8B

Volume

4.7M

High

16.39

P/E Ratio

-46.26

52-wk high

24.98

Low

15.59

Div yield

N/A

52-wk low

10.81

During Wednesday's intraday session, several IT stocks experienced significant movements. WaveDancer, T Stamp, AEye, Freshworks, Rubicon Technologies, and Clear Secure saw gains, while Latch, Cambium Networks, MeridianLink, XIAO-I, SolarEdge Technologies, and D-Wave Quantum experienced losses. Q2 earnings reports were recently released for Freshworks, Clear Secure, Cambium Networks, MeridianLink, and SolarEdge Technologies.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 11:50 am

JP Morgan analyst Pinjalim Bora maintains an Overweight rating on Freshworks (NASDAQ:FRSH) and raises the price target from $18 to $21.

Portfolio Pulse from richadhand@benzinga.com

August 04, 2023 | 11:49 am

Morgan Stanley analyst Elizabeth Porter has maintained an Equal-Weight rating on Freshworks (NASDAQ:FRSH) and raised the price target from $17 to $22.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 11:27 am

In Wednesday's pre-market session, several IT stocks saw significant movement. WaveDancer (WAVD), Rubicon Technologies (RBT), AEye (LIDR), Clear Secure (YOU), Freshworks (FRSH), and T Stamp (IDAI) stocks increased, with WaveDancer leading the gainers with a 123.6% increase. On the other hand, Cambium Networks (CMBM), Latch (LTCH), SolarEdge Technologies (SEDG), Dynatrace (DT), Sigma Additive Solutions (SASI), and XIAO-I (AIXI) stocks declined, with Cambium Networks leading the losers with a 32.8% decrease.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 11:15 am

Baird analyst Rob Oliver maintains an Outperform rating on Freshworks (NASDAQ:FRSH) and raises the price target from $18 to $24.

Portfolio Pulse from jenniferd'souza@benzinga.com

August 04, 2023 | 11:14 am

Credit Suisse analyst Rich Hilliker maintains a Neutral rating on Freshworks (NASDAQ:FRSH) and raises the price target from $16 to $19.

Portfolio Pulse from richadhand@benzinga.com

August 04, 2023 | 11:09 am

Several stocks are experiencing significant pre-market trading movements. Crown ElectroKinetics Corp. (CRKN), Rubicon Technologies, Inc. (RBT), Rover Group, Inc. (ROVR), e.l.f. Beauty, Inc. (ELF), Cardlytics, Inc. (CDLX), Freshworks Inc. (FRSH), Creative Medical Technology Holdings, Inc. (CELZ), Better Therapeutics, Inc. (BTTX), Aurora Acquisition Corp. (AURC), and Match Group, Inc. (MTCH) are among the gainers, with increases ranging from 10.2% to 52.1%. On the other hand, Adamis Pharmaceuticals Corporation (ADMP), Aptevo Therapeutics Inc. (APVO), Cambium Networks Corporation (CMBM), Femasys Inc. (FEMY), Mobile Global Esports Inc. (MGAM), trivago N.V. (TRVG), Forward Industries, Inc. (FORD), SolarEdge Technologies, Inc. (SEDG), TMC the metals company Inc. (TMC), and Sprouts Farmers Market, Inc. (SFM) are among the losers, with decreases ranging from 11% to 42.6%.

Portfolio Pulse from Lisa Levin

August 04, 2023 | 11:07 am

Freshworks Inc (NASDAQ:FRSH) shares are trading higher by around 15% after the company reported better-than-expected Q2 results. Revenues rose 19% Y/Y to $145.1 million, beating the consensus of $141.22 million. The company also raised its 2023 guidance for revenue and adjusted operating income. For Q3, the company expects revenue of $149.0 million - $151.5 million and adjusted EPS of $0.04 - $0.06.

Portfolio Pulse from Lekha Gupta

August 04, 2023 | 11:03 am

JMP Securities analyst Patrick Walravens maintains an Outperform rating on Freshworks (NASDAQ:FRSH) and raises the price target from $23 to $25.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:54 am

Oppenheimer analyst Brian Schwartz maintains an Outperform rating on Freshworks (NASDAQ:FRSH) and raises the price target from $17 to $23.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:54 am

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