Shares of Freshworks (NASDAQ: FRSH) got crushed Friday. The software-as-a-service stock ended the daily trading session down 18% due to turbulence for the broader market and weaker-than-expected guidance that arrived with the company's fourth-quarter results.
Why did FreshWorks stock drop 18% Friday?
Shares of Freshworks (NASDAQ:FRSH) got crushed Friday. The software-as-a-service stock ended the daily trading session down 18% due to turbulence for the broader market and weaker-than-expected guidance that arrived with the company's fourth-quarter results.
How much is FreshWorks worth?
Following recent sell-offs, Freshworks now has a market capitalization or roughly $4.7 billion and is valued at approximately 9.6 times this year's expected sales.
What is FreshWorks' guidance for the full year?
For the full year, Freshworks is guiding for an adjusted loss per share between $0.16 and $0.18 on revenue between $495.5 million and $501.5 million.
Is Freshworks a good stock to buy?
Latest Freshworks Inc (FRSH) Stock News Freshworks Inc's trailing 12-month revenue is $405.0 million with a % profit margin. Year-over-year quarterly sales growth most recently was 42.2%. Analysts expect adjusted earnings to reach $-0.160 per share for the current fiscal year.
Is FRSH stock a buy?
The consensus among 13 Wall Street analysts covering (NASDAQ: FRSH) stock is to Buy FRSH stock.
What is the valuation of Freshworks?
FreshWorks lists; valued at $13 billion.
How do I invest in Freshworks?
How to buy shares in FreshworksCompare share trading platforms. Use our comparison table to help you find a platform that fits you.Open your brokerage account. Complete an application with your details.Confirm your payment details. ... Research the stock. ... Purchase now or later. ... Check in on your investment.
What is Freshworks company?
Freshworks creates cloud-based software solutions for businesses. Founded in Chennai, India, in 2010 as Freshdesk, the company has a product suite ranging from sales CRM software to recruitment tools and customer-support helpdesk software.
How can I invest in Freshworks from India?
How to Buy Freshworks Ord Shs Class A Shares in India? One can easily invest in Freshworks Ord Shs Class A shares from India by: Direct Investment - Opening an international trading account with Groww which includes KYC verification in the US.
Has Google invested Freshworks?
When CapitalG – then Google Capital – invested in Freshworks (then Freshdesk) back in 2014, it knew the tech startup from Chennai would make it big. On September 22, Freshworks raised over $1 billion via its IPO on Nasdaq.
How is Freshworks different from Salesforce?
Salesforce is the worldwide market-share CRM leader, but if you're starting out with your relationship management efforts, Freshworks CRM is the better deal with affordable pricing and uniform customer support options.
Is Freshworks a billion dollar company?
Chennai and San Mateo-based software-as-a-service (SaaS) company Freshworks Inc debuted on the Nasdaq after completing an initial public offering (IPO) worth over a billion dollars.
Is Freshworks a buy or sell?
Freshworks has received a consensus rating of Buy. The company's average rating score is 2.60, and is based on 3 buy ratings, 2 hold ratings, and no sell ratings.
Is Freshworks a profitable company?
SaaS unicorn Freshworks Inc's revenue surpassed $100 million in the fourth quarter ended December, rising 44% year-on-year at $105 million.
Who is Freshworks investors?
InvestorsInvestor NameLead InvestorPartnersSteadview CapitalYesRavi MehtaAccelYesShekhar KiraniCapitalGYes—Sequoia CapitalYes—6 more rows
Key Points
Mixed Q3 results, forward guidance, and broader market pressures dragged Freshworks lower last month.
What happened
Shares of Freshworks ( NASDAQ:FRSH) sank 29.9% in November, according to data from S&P Global Market Intelligence.
So what
Freshworks sales rose 46% year over year in Q3. The company's net-dollar-based retention rate for the period came in at 117%, which means that existing clients increased their spending 17% compared to the prior-year period.
Now what
Freshworks stock has continued to slide early in December's trading. The company's share price is now down roughly 19% in the month so far:
Key Points
Guidance for expanding losses this year and the latest development in the Russia-Ukraine saga sank Freshworks stock today.
NASDAQ: FRSH
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What happened
Shares of Freshworks ( FRSH 1.93% ) got crushed Friday. The software-as-a-service stock ended the daily trading session down 18% due to turbulence for the broader market and weaker-than-expected guidance that arrived with the company's fourth-quarter results.
So what
Reports suggesting that Russia has decided to move forward with an incursion into Ukrainian territory rattled the market today, and the unfolding situation played a big role in the sell-off for Freshworks stock. The S&P 500 and Nasdaq Composite indexes ended the day down 1.9% and 2.8%, respectively.
Now what
The stock has slid roughly 61% since market close on the day of its initial public offering in September.
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What happened
Freshworks (NASDAQ: FRSH) stock sank 25.4% last month, according to data from S&P Global Market Intelligence. December was a tough month for many growth-dependent software-as-a-service (SaaS) stocks, and the company's share price wilted amid the pullback.
So what
Freshworks provides human resources and customer management software, positioning it as a competitor to Salesforce.com and other players in the space. The company' stock jumped 21% from its IPO price on its first day of trading, but it's been mostly downhill from there.
Now what
Freshworks stock has continued to lose ground early in January's trading. The company's share price is down roughly 11.6% in the month so far.
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What happened
Software specialist Freshworks ( FRSH -1.46% ) trailed the market this week, with losses of around 18% through trading on Thursday. That slump was powered by news of losses in the company's fiscal third quarter, plus a growing pool of outstanding stock available for trading on the market.
So what
Sales landed at $97 million in the quarter that ended on Sept. 30, management said in a Nov. 2 earnings announcement. That increase beat Wall Street's expectations and translated into nearly 50% gains, year over year.
Now what
Management is predicting sales of between $99 million and $101 million in the fourth quarter, Freshworks' second quarter as a public company. That growth, plus encouraging engagement metrics including high contract renewal rates, implies a strong year ahead for market share gains.
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This isn't how earnings beats usually work
I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well.
What happened
Shares of software-as-a-service specialist Freshworks ( NASDAQ:FRSH) cratered on Wednesday, falling 15.9% through 10 a.m. EDT despite the company reporting what was technically an "earnings beat" last night.
So what
Nevertheless, a loss is still a loss -- and when calculated according to generally accepted accounting principles ( GAAP) rather than the adjusted numbers highlighted above, Freshworks had a big loss in Q3. GAAP losses for the quarter were $24.72 per share, or more than half the stock's share price today, despite sales growing 46% year over year.
Now what
The good news, of course, is that Freshworks is growing, and may one day grow itself out of those losses. After all, sales were up a sizable amount, and the number of customers paying Freshworks more than $5,000 a year in revenue increased 31% in Q3.
What happened
Shares of Freshworks ( NASDAQ:FRSH) sank 17.2% in January, according to data from S&P Global Market Intelligence. The software stock fell amid intense sell-offs for the broader market and set a new 52-week low in the month's trading.
So what
There doesn't appear to have been any business-specific news that contributed to Freshworks stock's big sell-off last month, but investors still a had a multitude of rising risk factors to consider.
Now what
Freshworks stock has continued to lose ground early in February's trading. The company's share price is down roughly 7.5% in the month amid ongoing turbulence in the broader market.
