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

Nasdaq and S&P futures rise as traders anticipate earnings from Microsoft and AMD, and the Federal Reserve's rate-setting meeting. Positive sentiment is driven by expectations of rate cuts in September. Key companies reporting earnings include Microsoft, AMD, and others. F5, Inc. jumps in premarket trading, while Rambus, Lattice Semiconductor, and others decline.

Portfolio Pulse from Shanthi Rexaline

July 30, 2024 | 11:27 am

The upcoming week is crucial for tech stocks as major companies like Apple, Amazon, Microsoft, and Meta are set to report their earnings. Last week's earnings were mixed, with Tesla, Alphabet, and STMicroelectronics disappointing investors. However, IBM saw positive reactions due to strong AI bookings. Analysts are optimistic about the tech sector's future, especially with significant AI investments expected. The Invesco QQQ Trust and SPDR S&P 500 ETF Trust showed mixed performance last week.

Portfolio Pulse from Shanthi Rexaline

July 29, 2024 | 10:25 am

The article highlights the performance of various Information Technology stocks during Thursday's after-market session. Adobe (NASDAQ:ADBE) saw a significant increase of 14.1% following its Q2 earnings report. Other gainers include Veritone (NASDAQ:VERI), Freshworks (NASDAQ:FRSH), Sobr Safe (NASDAQ:SOBR), CommScope Hldg Co (NASDAQ:COMM), and Cerence (NASDAQ:CRNC). On the losing side, Ostin Technology Group (NASDAQ:OST) experienced a notable decline of 17.8%, along with other decliners such as Spectaire Holdings (NASDAQ:SPEC), Cyngn (NASDAQ:CYN), Quantum (NASDAQ:QMCO), Banzai International (NASDAQ:BNZI), and Akoustis Technologies (NASDAQ:AKTS).

Portfolio Pulse from Benzinga Insights

June 13, 2024 | 8:30 pm

Freshworks announced that TD SYNNEX has joined its partnership program. This collaboration aims to enhance organizational efficiency and productivity, and expand their respective customer bases.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 9:37 am

Needham analyst Scott Berg maintains a Buy rating on Freshworks (NASDAQ:FRSH) but lowers the price target from $30 to $20.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 10:22 am

The article highlights significant options activity for several IT stocks, indicating potential trading opportunities. Notable mentions include NVDA, AMD, SMCI, MSFT, IREN, FRSH, MRVL, PLTR, ARM, and PANW, with varying sentiments and expiration dates.

Portfolio Pulse from Benzinga Insights

May 16, 2024 | 5:35 pm

11 analysts have recently shared mixed evaluations of Freshworks (NASDAQ:FRSH), with a range of bullish to bearish perspectives. The average 12-month price target for FRSH is now $21.82, down from $25.38, indicating a 14.03% decrease. Analysts from firms like Needham, Canaccord Genuity, and Barclays have adjusted their price targets and ratings, reflecting changes in market conditions and company performance. Freshworks's financial indicators show a revenue growth rate of 20.23% but lag behind industry peers in profitability and efficiency metrics.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 12:00 pm

Needham analyst Scott Berg reiterated a Buy rating on Freshworks (NASDAQ:FRSH) and maintained a $30 price target.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:36 am

Canaccord Genuity analyst David Hynes maintains a Buy rating on Freshworks (NASDAQ:FRSH) but lowers the price target from $27 to $20.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 9:24 pm

Barclays analyst Raimo Lenschow maintains an Equal-Weight rating on Freshworks (NASDAQ:FRSH) and lowers the price target from $20 to $15.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 2:23 pm

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