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Here's why the Asana stock price has been punched in the face

What is the outlook of the Asana stock price? We explain what to expect now that the share price has crashed hard lately. ....

Dustin Moscovitz , Mark Murphy , Jp Morgan ,

Asana posts Q3 results, ponders impact of Adobe on enterprise work management


Asana posts Q3 results, ponders impact of Adobe on enterprise work management
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Summary:
Asana beats growth expectations in Q3, sees enterprise opportunity ahead as Adobe closes acquisition of its competitor
(© nopporn - shutterstock)
Work management vendor Asana yesterday reported its first quarterly results after becoming a public company in September. Its 55% growth rate pleased Wall St, which initially marked the shares up around 11% this morning (before pulling back later in the day), even though losses exceeded revenues as the company ramped up investment in sales expansion.
The fastest growth was in larger customers, a market the company has targeted in recent product announcements. Those spending at a rate of $50,000 or more per year more than doubled in the past year to 318, and as Chris Farinacci, COO and Head of Business pointed out in prepared remarks: ....

Dustin Moscovitz , Chris Farinacci , Like Workfront ,