Asana Reports Mixed Q2 Results, Management Guidance 'Disappointing Overall,' Says Analyst, Implies Lower 2H Growth
Asana Inc ASAN shares tanked in early trading on Wednesday, even after the company reported upbeat second-quarter results.
Asana Earnings: Don't Buy This Dip, Again
Asana, Inc.'s Q2 2025 earnings and guidance were disappointing, leading to a 10% drop in share price and highlighting its transition away from high growth. Despite a strong cash position, Asana remains overvalued, with its stock not attractively priced even at 4x forward sales. Asana's recent initiatives show promise, but macroeconomic headwinds and competition, particularly from monday.com, hinder its growth prospects.
Asana, Inc. (ASAN) Q2 2025 Earnings Call Transcript
Asana, Inc. (NYSE:ASAN ) Q2 2025 Earnings Call Transcript September 3, 2024 4:30 PM ET Company Participants Catherine Buan - Head of IR Dustin Moskovitz - Co-Founder and CEO Anne Raimondi - COO and Head of Business Tim Wan - CFO Conference Call Participants Taylor McGinnis - UBS Josh Baer - Morgan Stanley George Iwanyc - Oppenheimer Rich Magnus - Wolfe Research Michael Funk - Bank of America Brent Thill - Jefferies Jackson Ader - KeyBanc Capital Markets Patrick Walravens - Citizens JMP Operator Good day and thank you for standing by. Welcome to the Asana's Second Quarter Fiscal Year 2025 Earnings Call.
Asana's lower outlook for third quarter and full year sends stock falling
Shares of Asana fell after the company projected third-quarter results that missed Wall Street's estimates and lowered the high end of its full-year outlook.
Asana, Inc. (ASAN) Reports Q2 Loss, Tops Revenue Estimates
Asana, Inc. (ASAN) came out with a quarterly loss of $0.05 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to loss of $0.04 per share a year ago.
Asana: The Worst May Be Behind Us (Q2 Earnings Preview)
Asana was part of the 2021 euphoria in the stock market and experienced a meteoric rise and fall in stock prices. Its stratospheric growth rates were never sustainable but its growth seems have stabilized and operational costs are starting to be reined in. Despite the challenges, Asana's platform remains relevant in today's environment, focusing on enhancing productivity and collaboration for remote teams.
Asana: Second Half May Bring The Acceleration
Asana has underperformed along with the software sector due to slowing top-line growth. Customers have held back headcount growth amidst the higher interest rate environment. The company has a large net cash position and is targeting a second half acceleration in growth rates.
Asana: Buy Amid Latest Dip And New Buybacks (Ratings Upgrade)
Asana has fallen sharply in May and June, despite a strong Q1 earnings print that showed barely any deceleration in revenue. The company has maintained a very conservative outlook for FY25, positioning itself for further beat-and-raise quarters. The stock trades at a very cheap ~3x FY26 revenue multiple.
The $150 Million Reason Asana (ASAN) Stock Is Surging Today
Share buyback announcements are becoming commonplace, as many companies that have earned excess profits are looking for a place to invest their windfalls. For software company Asana (NYSE: ASAN ), today's announcement that the company will be buying back $150 million of its own stock has sent its share price surging.
Asana, Inc. (ASAN) Q1 2025 Earnings Call Transcript
Asana, Inc. (NYSE:ASAN ) Q1 2025 Earnings Conference Call May 30, 2024 4:30 PM ET Company Participants Catherine Buan - Head, Investor Relations Dustin Moskovitz - Co-Founder & Chief Executive Officer Anne Raimondi - Chief Operating Officer & Head of Business Tim Wan - Chief Financial Officer Conference Call Participants Rob Oliver - Baird George Iwanyc - Oppenheimer Brent Bracelin - Piper Sandler Jackson Ader - KeyBanc Capital Markets Josh Baer - Morgan Stanley Michael Funk - Bank of America Taylor McGinnis - UBS Patrick Walravens - Citizens JMP Operator Thank you for standing by, and welcome to Asana's First Quarter 2025 Earnings Call. At this time, all participants are in a listen-only mode.
Asana, Inc. (ASAN) Reports Q1 Loss, Tops Revenue Estimates
Asana, Inc. (ASAN) came out with a quarterly loss of $0.06 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to loss of $0.09 per share a year ago.
