Asana Stock News

Asana was part of the 2021 euphoria in the stock market and experienced a meteoric rise and fall in stock prices. Its stratospheric growth rates were never sustainable but its growth seems have stabilized and operational costs are starting to be reined in. Despite the challenges, Asana's platform remains relevant in today's environment, focusing on enhancing productivity and collaboration for r...

SAN FRANCISCO--(BUSINESS WIRE)--Today, Asana, Inc. (NYSE: ASAN) (LTSE: ASAN), the #1 AI work management platform that helps organizations of all sizes connect work to goals, announces their commitment to pursuing FedRAMP (Federal Risk and Authorization Management Program) authorization in order to serve the complex needs of enterprises in regulated industries. Organizations in healthcare, finan...

SAN FRANCISCO--(BUSINESS WIRE)--Asana, Inc. (NYSE: ASAN)(LTSE: ASAN), the #1 AI work management platform, today published its fiscal year 2024 (FY24) Environmental, Social, and Governance (ESG) report. The report highlights Asana's continued progress on key ESG commitments, furthering the company's position as a leader in workplace culture, product vision, and responsible business practices. As...

SAN FRANCISCO--(BUSINESS WIRE)--Asana, Inc. (NYSE: ASAN)(LTSE: ASAN), a leading work management platform, announced today that it will release financial results for the second quarter fiscal year 2025 on Tuesday, September 3, after the close of the U.S. markets. In conjunction with the announcement, the company will host a webcast on the same day at 1:30 p.m. Pacific time (4:30 p.m. Eastern tim...

Asana has underperformed along with the software sector due to slowing top-line growth. Customers have held back headcount growth amidst the higher interest rate environment. The company has a large net cash position and is targeting a second half acceleration in growth rates.

Asana has fallen sharply in May and June, despite a strong Q1 earnings print that showed barely any deceleration in revenue. The company has maintained a very conservative outlook for FY25, positioning itself for further beat-and-raise quarters. The stock trades at a very cheap ~3x FY26 revenue multiple.

Share buyback announcements are becoming commonplace, as many companies that have earned excess profits are looking for a place to invest their windfalls. For software company Asana (NYSE: ASAN ), today's announcement that the company will be buying back $150 million of its own stock has sent its share price surging.

SAN FRANCISCO--(BUSINESS WIRE)--Asana, Inc. (NYSE: ASAN) (LTSE: ASAN), a leading work management platform, today announced that its Board of Directors has approved a stock repurchase program authorizing Asana to repurchase up to $150 million of its Class A common stock through June 30, 2025. “I'm pleased to share that, after careful consideration, our Board has authorized a stock repurchase pro...