Why Freshworks Rallied Big Today [Yahoo! Finance]
Freshworks Inc. (FRSH)
Last freshworks inc. earnings: 3/14 04:05 pm
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Source: Yahoo! Finance
The software company, which makes easy-to-use enterprise software for IT, customer relationship management (CRM), and customer service, rallied after its third-quarter earnings report last night. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » Despite the surge, the beaten-down stock is still well below its 52-week highs. Is it time to buy the bounce, or stay away? In the third quarter, Freshworks grew revenue 22% to $186.6 million, with adjusted non-GAAP (generally accepted accounting principles) earnings per share of $0.11, up 37.5% from a year ago. Both figures beat expectations for $181.6 million and $0.08, respectively. Management also guided to a solid 18% revenue growth at the midpoint of guidance for the fourth quarter, and the company's board of directors authorized a new $400 million share repurchase program Freshworks has been implementing artificial intelligence (AI) into more of its offerings, with CEO D
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FRSH
News
- Freshworks Inc. (NASDAQ: FRSH) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $20.00 price target on the stock.MarketBeat
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FRSH
Earnings
- 11/6/24 - Beat
FRSH
Sec Filings
- 12/20/24 - Form 4
- 12/19/24 - Form 144
- 12/19/24 - Form 4
- FRSH's page on the SEC website