Why Shares of Asana Were Falling Today
Asana(ASAN) The Motley Fool·2024-09-05 02:57
Slowing growth and ongoing losses spooked investors again.Shares of Asana (ASAN -5.76%) were sliding today after the cloud productivity software company posted disappointing guidance in its fiscal 2025 second-quarter earnings report. The stock was down 6.3% as of 1:17 p.m. ET on the news. Asana can't break the pandemic curseAsana stock is still down roughly 90% from its pandemic peak, and the latest round of results shows the company is struggling, with revenue up 10% to $179.2 million, which edged out esti ...