ASAN News and Press, Asana Inc. Class A From 05/01/23

Asana, Inc. (NYSE: ASAN)(LTSE: ASAN), a leading work management platform for organizations, announced today that it will release financial results for the first quarter fiscal year 2024 on Thursday, June 1, after the close of the U.S. markets. In conjunction with the announcement, the company...

2023-04-17 13:03:51 ET Summary Sales & Marketing / S&M spending to strengthen enterprise go-to-market have been aggressive. S&M has been 70% - 80% of total revenue. Big seats landing leading to company-wide deployment in an enterprise setting is an ideal profitable gro...

2023-04-16 07:49:13 ET Summary Asana has seen the tough macro environment impact its near-term revenue growth rates. The company in turn has made big progress on profitability and anticipates further margin expansion this year. The company has net cash on the balance sheet. ...

2023-04-16 01:57:46 ET Summary Asana is now down nearly 90% from its all-time high. The small market size alongside strong competition will likely put pressure on growth in the long run. Its latest earnings showed profitability continuing to worsen while guidance also indicate...

2023-04-08 04:33:20 ET Summary Shares of Asana have rebounded nearly 50% this year, in sympathy with other tech stocks. The company is expecting growth to slow to the high teens in FY24, though it has a history of guiding conservatively. Asana has among the highest gross margi...

2023-04-04 12:06:58 ET Summary My tech-growth portfolio made new lows in December, reaching a decline of 40%. Nevertheless, when regarding the glass as half full, SaaS stocks have reached historically low valuations, within just two years of reaching bubble valuations. Inflati...

2023-04-04 09:20:58 ET Summary Atlassian's business model is not resonating strongly with developers, at least for now. $1 billion buyback on the table, how to think about this? Atlassian's growth rates are a problem, but not the only problem. Investment Thesis A...

2023-03-31 05:07:00 ET Investing is all about balancing risk and reward in a diversified portfolio, and some growth stocks are worth the risk. Companies that define new categories can seem crazy early on, and that's where I think we are with Virgin Galactic (NYSE: SPCE) and As...

Real-time progress insights and process standardization accelerate business success New app widgets and rules for integrations increase efficiency and streamline collaboration Today Asana, Inc. (NYSE: ASAN)(LTSE: ASAN), a leading work management platform for organizations, a...

2023-03-22 07:30:00 ET Stock prices move every day for a host of reasons, but when a company announces its latest quarterly results, investors get a trove of financial information that can help them understand if it's on track. What they can't necessarily know, however, is whether any given...