ASAN - Asana Deserves More Patience In Light Of Its Q4 Earnings
2024-03-13 08:00:00 ET
Summary
- Post Q4 ER, Asana plunged double digits despite beating consensus expectations, likely due to lukewarm growth guidance for 2024.
- The Company's revenue growth has slowed in recent quarters, but its move into the large enterprise segment is a saving grace for the modern work management platform.
- Asana's increased scale, best-in-class gross margins, and cost discipline are driving operating leverage and taking ASAN closer to positive FCF generation.
- That said, is Asana a good buy on this dip? Read on to find out!
Introduction
Despite reporting a top and bottom-line beat for Q4 2023, Asana, Inc. ( ASAN ) stock nosedived by ~12% in yesterday's session. While Asana's quarterly numbers were decent, Mr. Market is likely punishing management's macro commentary and lukewarm growth guidance for 2024....
Asana Deserves More Patience In Light Of Its Q4 Earnings