FMP
Sep 2, 2021 10:14 PM - Davit Kirakosyan
Asana, Inc. (NYSE:ASAN) reported better-than-expected Q2 results supported by broad-based demand. Shares are up more than 14% today. The company posted quarterly EPS of ($0.23) and revenue of $82.31 million, both beating the consensus estimates of ($0.26) and $82.31 million, respectively. The quarterly revenue grew 72% year-over-year, with large customer (customers spending $50,000 or more) growth of 111%.
The company provided its Q3 guidance, estimating its Q3 EPS to range from ($0.27) to ($0.26), which is better than the Street estimate of ($0.28), and its revenue to be $93-94 million, compared to the consensus estimate of $86.7 million. For the full 2022-year, the company expects revenue of $357 million-$359 million, representing a growth of 57%-58% year-over-year.
While guidance reflects some moderation in year-over-year growth, analysts at Oppenheimer believe there's room for upside and importantly, they expect a long, multi-year growth opportunity ahead. The brokerage raised its price target on the company’s shares to $85 from $77.
Sep 11, 2023 1:38 PM - Rajnish Katharotiya
Price to Earnings is one of the key metrics use to value companies using multiples. The P/E ratio and other multiples are relative valuation metrics and they cannot be looked at in isolation. One of the problems with the P/E metric is the fact that if we are in the peak of a business cycle, earni...
Sep 11, 2023 1:49 PM - Rajnish Katharotiya
Price-to-Earnings ratio is a relative valuation tool. It is used by investors to find great companies at low prices. In this post, we will build a Python script to calculate Price Earnings Ratio for comparable companies. Photo by Skitterphoto on Pexels Price Earnings Ratio and Comparable Compa...
Oct 17, 2023 3:09 PM - Davit Kirakosyan
Shares of VMware (NYSE:VMW) witnessed a sharp drop of 12% intra-day today due to rising concerns about China's review of the company's significant sale deal to Broadcom. Consequently, Broadcom's shares also saw a dip of around 4%. Even though there aren’t any apparent problems with the proposed solu...