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

Cantor Fitzgerald analyst Brett Knoblauch maintains an Overweight rating on Freshworks (NASDAQ:FRSH) but lowers the price target from $19 to $18.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 3:50 pm

Jefferies analyst Brent Thill maintains a Buy rating on Freshworks (NASDAQ:FRSH) but lowers the price target from $25 to $20.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 1:16 pm

Wall Street is optimistic about a tech-led rebound driven by AMD's strong Q2 results. Major indices are up, with expectations of a Fed rate cut in September. Key stocks like AMD, MSFT, and ETFs like SPY and QQQ are showing significant premarket movements.

Portfolio Pulse from Shanthi Rexaline

July 31, 2024 | 11:56 am

Freshworks shares are trading higher following the release of better-than-expected Q2 financial results and an upward revision of Q3 and FY24 revenue guidance.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 11:34 am

Needham analyst Scott Berg reiterates a Buy rating on Freshworks (NASDAQ:FRSH) and maintains a $20 price target.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 9:49 am

Freshworks shares are trading higher after the company reported better-than-expected Q2 financial results and issued Q3 revenue guidance above estimates. Additionally, the company raised its FY24 revenue guidance above estimates.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 8:57 pm

Freshworks has revised its FY24 revenue forecast from $695M - $705M to $707M - $713M, surpassing the estimated $699.355M. The adjusted EPS forecast has been slightly adjusted from $0.32 - $0.35 to $0.32 - $0.34, aligning closely with the estimated $0.33.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 8:34 pm

Freshworks has announced its Q3 revenue expectations to be between $180M and $183M, surpassing the estimated $178.7M. The company also expects an adjusted EPS of $0.07 to $0.08, aligning with the estimated $0.08.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 8:31 pm

Freshworks (NASDAQ:FRSH) reported Q2 2024 adjusted EPS of $0.08, beating the $0.06 estimate by 33.33%. Sales were $174.131M, surpassing the $171.071M estimate by 1.79%. This represents a 14.29% increase in EPS and a 20.02% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 8:12 pm

Tech stocks experienced a significant drop ahead of key earnings reports and the Federal Open Market Committee meeting. Nvidia fell over 6%, impacting the semiconductor sector and the iShares Semiconductor ETF. CrowdStrike hit an 8-month low after Delta Air Lines sought compensation for an outage. Microsoft, Apple, Alphabet, and Meta also saw declines. The Nasdaq 100 dropped 1.5%, while the S&P 500 fell 0.8%. The iShares Russell 2000 ETF outperformed tech stocks. Treasury yields remained steady, and gold edged up.

Portfolio Pulse from Piero Cingari

July 30, 2024 | 5:43 pm

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