Asana falls on downbeat full-year revenue forecast

Asana

12/03/2024 12:49

** Shares of office software firm Asana  ASAN.N  fall 3% to
$18.24 in premarket trading
    ** Co expects fiscal 2025 rev. of $716 mln to $722 mln vs
ests. of $725.30 mln - LSEG data
    ** Jefferies analysts note that ongoing macro headwinds are
resulting in decelerating metrics
    ** Co expects full-year adj. net loss per share of 19 cents
to 22 cents vs ests. of a loss of 21 cents
    ** Co reports Q4 rev. of $171.10 mln vs ests. of $167.70 mln
    ** 4 of 16 brokerages rate the stock "buy" or higher, 8
"hold" and 4 "sell"; their median PT is $20 - LSEG data
    ** Up to last close, stock had fallen 1.1% YTD

 (Reporting by Zaheer Kachwala in Bengaluru)
 ((Zaheer.Kachwala@thomsonreuters.com))