Asana Inc is a work management platform designed to help teams organize, track, and manage their projects and tasks efficiently
By providing a user-friendly interface, Asana facilitates collaboration and communication among team members, making it easier to monitor progress, set deadlines, and share files. The platform integrates with various tools and apps, enabling seamless workflow management and enhancing productivity within organizations of all sizes. With a focus on improving team performance and accountability, Asana empowers users to prioritize their work and achieve their goals more effectively.
Shares of work management software maker Asana (NYSEASAN)
fell 30.3% in the pre-market session after the company reported weak fourth quarter results: Revenue was just in line and revenue guidance for both the upcoming quarter and full year missed. Also, Dustin Moskovitz, the CEO of Asana and one of the original co-founders of Facebook, announced his intention to retire. Overall, this was an underwhelming quarter, especially as the market continued to rotate out of premium-priced tech.
As we await the opening of the US market on Tuesday, let's delve into the pre-market session and discover the top gainers and losers shaping the early market sentiment.
Asana Inc (NYSEASAN) shares are plunging Tuesday on the heels of the company's fourth-quarter financial results. Several analysts cut price targets following the print.
Work management software maker Asana (NYSEASAN) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 10% year on year to $188.3 million. On the other hand, the company’s full-year revenue guidance of $786 million at the midpoint came in 2.1% below analysts’ estimates. Its non-GAAP loss of $0 per share was $0.01 above analysts’ consensus estimates.
Stocks extended last week's losses on Monday as concerns over the U.S. economy continue to weigh on the market. The Nasdaq 100 saw the steepest declines, with Tesla, Inc. (NASDAQTSLA) and Palantir Technologies, Inc.
All three major indices were red in Friday’s midday trading, with the S&P 500 and Nasdaq 100 down 1% and 1.24%, respectively, and on track for their worst weeks since September 2024.
Shares of work management software maker Asana (NYSEASAN)
fell 8.4% in the morning session as markets continued to struggle following the broad selloff triggered by weak economic data in the previous week. On Friday, February 21, 2025, the S&P 500 dropped 1.7%, and the Nasdaq fell 2.2% after PMI numbers showed the U.S. services sector contracted, and the University of Michigan's consumer sentiment index came in below expectations.
