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

Morgan Stanley analyst Elizabeth Porter maintains an Equal-Weight rating on Freshworks (NASDAQ:FRSH) and lowers the price target from $22 to $18.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 5:15 pm

In Thursday's intraday session, several information technology stocks experienced significant movements. CommScope Holdings, Next Technology Holding, Benchmark Electronics, FormFactor, Maxeon Solar Technologies, and NextTrip saw their stocks rise, with notable gains attributed to recent earnings reports for some. Conversely, Fastly, Brand Engagement Network, Freshworks, Netgear, Appian, and MMTEC faced declines, with poor Q1 earnings reports contributing to the drops for many.

Portfolio Pulse from Benzinga Insights

May 02, 2024 | 4:31 pm

JMP Securities analyst Patrick Walravens maintains a Market Outperform rating on Freshworks (NASDAQ:FRSH) but lowers the price target from $29 to $21.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 4:25 pm

Cantor Fitzgerald analyst Brett Knoblauch maintains an Overweight rating on Freshworks (NASDAQ:FRSH) but lowers the price target from $25 to $19.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 4:03 pm

Etsy, Inc. reported lower-than-expected Q1 financial results, leading to a 13.2% drop in pre-market trading. Other companies like Fastly, Freshworks, Remitly Global, DoorDash, CytomX Therapeutics, Wolfspeed, Qorvo, Paycom Software, Hudson Technologies, Appian Corp, Zillow Group, Schrodinger, Prudential Financial, and eBay also saw declines in pre-market trading due to various reasons including disappointing financial results, weak guidance, and CEO transitions.

Portfolio Pulse from Avi Kapoor

May 02, 2024 | 12:17 pm

In Thursday's pre-market session, 12 Information Technology stocks showed significant movement. Gainers included Tungray Technologies, Ondas Holdings, LightPath Technologies, Saverone 2014, Greenidge Generation Hldg, and Nano Labs with increases ranging from 8.6% to 25.9%. Losers were led by Fastly, Freshworks, Everspin Technologies, Qorvo, Appian, and Luna Innovations, with declines between 7.38% and 29.9%, largely due to recent earnings reports.

Portfolio Pulse from Benzinga Insights

May 02, 2024 | 12:06 pm

Nasdaq and S&P 500 futures rise ahead of Apple's earnings report, indicating a positive market outlook post-Federal Reserve's rate decision. Analysts highlight potential market risks and the impact of economic data on future Fed actions. Premarket trading sees significant movements in stocks based on earnings reports, with notable companies set to report throughout the day.

Portfolio Pulse from Shanthi Rexaline

May 02, 2024 | 10:52 am

Freshworks shares are trading lower following the announcement of Q1 financial results and a CEO transition.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 10:33 am

Piper Sandler analyst Brent Bracelin has maintained an Overweight rating on Freshworks (NASDAQ:FRSH) but lowered the price target from $28 to $22.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 9:44 am

Aspen Aerogels, Inc. (ASPN) shares surged 26% in pre-market trading after reporting Q1 financial results that exceeded expectations, with a smaller loss and higher sales than forecasted. Other stocks also showed significant pre-market movements, including notable gainers like Emergent BioSolutions (EBS) and Carvana Co. (CVNA), and losers such as Fastly, Inc. (FSLY) and Freshworks Inc. (FRSH), following their respective earnings reports and company announcements.

Portfolio Pulse from Avi Kapoor

May 02, 2024 | 9:43 am

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