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

Freshworks (NASDAQ:FRSH) reported Q4 adjusted EPS of $0.08, surpassing the $0.05 estimate, marking a 700% increase from last year. Sales reached $160.11M, exceeding the $158.50M estimate, a 20.23% year-over-year increase.

Portfolio Pulse from mahesh@benzinga.com

February 06, 2024 | 9:33 pm

Earnings reports for various companies are scheduled for February 6, 2024, with projections ranging from significant profits to losses across diverse sectors. Notable mentions include BP, UBS, Frontier Group Holdings, and Spotify Technology, among others, indicating a broad spectrum of financial health and market expectations.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 10:42 am

Freshworks (NASDAQ:FRSH) is scheduled to release its quarterly earnings report on February 6, 2024, with an estimated EPS of $0.05. Analysts and investors will be keen on whether the company beats this estimate and provides positive guidance for the next quarter. Freshworks' past earnings performance shows a mix of beats and misses, with varying impacts on its stock price. The company's shares have seen a 32.61% increase over the last 52 weeks, trading at $1.0 as of February 02.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 4:01 pm

Freshworks has entered into a strategic collaboration agreement with Amazon Web Services (AWS) to make its platform available as Software as a Service (SaaS), starting early 2024. This partnership is expected to enhance Freshworks' cloud services by leveraging AWS's extensive infrastructure and services.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 2:20 pm

Jefferies analyst Brent Thill has upgraded Freshworks (NASDAQ:FRSH) from Hold to Buy and increased the price target from $20 to $30, indicating a more positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 12:47 pm

Software stocks are trading lower due to an increase in Treasury yields and general market weakness. This trend is affecting a broad range of software companies across the market.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 8:38 pm

Piper Sandler analyst Brent Bracelin has maintained an Overweight rating on Freshworks (NASDAQ:FRSH) and increased the price target from $24 to $28. This adjustment reflects a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 2:41 pm

Needham analyst Scot Berg has reiterated a Buy rating on Freshworks Inc (NASDAQ:FRSH) and increased the price target from $25 to $30, citing stable-to-improving demand trends, especially from larger customers. Berg anticipates a 300 basis points expansion in FY24 operating margin and has raised FY24 revenue and EPS estimates. Freshworks is now a top pick for 2024 in the Enterprise Software sector and has been added to the Needham Conviction List. FRSH shares saw a slight increase of 0.93% to $23.95.

Portfolio Pulse from Shivani Kumaresan

December 28, 2023 | 6:42 pm

Top Wall Street analysts have updated their price targets and ratings for several US-listed companies. Keybanc raised Netflix's target to $525, JP Morgan increased Karuna Therapeutics' target to $330 but downgraded it to Neutral, Canaccord Genuity raised MicroStrategy's target to $791, HC Wainwright & Co. upped Zevra Therapeutics' target to $15, Needham increased Freshworks' target to $30, Mizuho raised Ball Corporation's target to $62, Truist Securities lifted NIKE's target to $111, Benchmark increased Nova's target to $150, Wedbush raised Microsoft's target to $450, and Raymond James upped Cytokinetics' target to $92. The changes reflect analysts' optimism or updated assessments of these companies' future prospects.

Portfolio Pulse from Avi Kapoor

December 28, 2023 | 1:36 pm

Freshworks (NASDAQ:FRSH) has received mixed analyst ratings over the past three months, with 3 bullish, 2 somewhat bullish, and 2 indifferent. The average 12-month price target is now $23.86, down 7.52% from the previous $25.80. Notable analyst actions include Scott Berg of Needham raising the target to $30.00, while others like Taylor McGinnis of UBS and Raimo Lenschow of Barclays have lowered their targets. Freshworks provides SaaS solutions for businesses and has seen a 19.25% revenue growth rate as of September 30, 2023, but faces challenges with a net margin of -20.21% and an ROE of -2.93%.

Portfolio Pulse from Benzinga Insights

December 28, 2023 | 12:00 pm

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