Freshworks Inc. (NASDAQ:FRSH ) Q4 2024 Earnings Conference Call February 11, 2025 5:00 PM ET Company Participants Joon Huh - Head, Investor Relations Dennis Woodside - President and CEO Tyler Sloat - Chief Operating Officer and CFO Conference Call Participants Brent Bracelin - Piper Sandler David Haynes - Canaccord Genuity Elizabeth Porter - Morgan Stanley Noah Herman - JPMorgan Patrick Walravens - Citizens JMP Rob Morelli - Needham & Company Brent Thill - Jefferies Rob Oliver - Baird Ryan MacWilliams - Barclays Operator Hello. And welcome to Freshworks Fourth Quarter and Full Year 2024 Earnings Conference Call.
Freshworks Inc. (FRSH) came out with quarterly earnings of $0.14 per share, beating the Zacks Consensus Estimate of $0.10 per share. This compares to earnings of $0.08 per share a year ago.
Dennis Woodside, Freshworks CEO, joins 'Closing Bell Overtime' to talk quarterly results.
Freshworks forecast annual revenue and profit above Wall Street estimates on Tuesday, betting on growing demand for its enterprise software for managing digital operations, sending its shares up 6% in extended trading.
Freshworks (FRSH) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Freshworks Cl A saw an improvement in its IBD SmartSelect Composite Rating Friday, from 93 to 96. The post Freshworks Stock Gets IBD Rating Upgrade To 96 appeared first on Investor's Business Daily.
Freshwork (FRSH) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Freshworks shares gain momentum with AI-driven growth, boosted by rising customer adoption, and increased demand for copilot and self-service solutions.
Shares of Freshworks are poised to rebound further after Q3 results showcased accelerating revenue and yet another raise to its full-year guidance. The company also announced layoffs of ~13% of its headcount, a move intended to help boost the company's margin position. Freshworks boasts a broad software portfolio, blue-chip customer base, excellent growth-profitability balance, and a highly liquid, debt-free balance sheet.
Freshwork (FRSH) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Freshworks (FRSH) has been significantly punished by the market in 2024 but is poised for a rebound in 2025 due to low valuation. Interest rate cuts and a stronger economic backdrop in 2025 will boost software stocks, benefiting Freshworks' growth prospects. FRSH's valuation is attractive, trading at 26x FCF, expected to drop to 23x in 2025, making it a buy for long-term investors.
Freshwork (FRSH) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.