Freshworks Stock News

CRM, or customer relationship management, is a hot industry. It is supported by the persistent shift to digitization and the rapid advancement of technology, including AI.

Shares of Freshworks are poised to rebound further after Q3 results showcased accelerating revenue and yet another raise to its full-year guidance. The company also announced layoffs of ~13% of its headcount, a move intended to help boost the company's margin position. Freshworks boasts a broad software portfolio, blue-chip customer base, excellent growth-profitability balance, and a highly liq...

Former executive at RingCentral, Five9 and Cisco, joins to lead product innovation and scale growth of Freshworks' AI, CX and EX solutions Former executive at RingCentral, Five9 and Cisco, joins to lead product innovation and scale growth of Freshworks' AI, CX and EX solutions

SAN MATEO, Calif., Nov. 26, 2024 (GLOBE NEWSWIRE) -- Freshworks Inc. (NASDAQ: FRSH) today announced that Tyler Sloat, Chief Operating Officer and Chief Financial Officer, is scheduled to participate in a fireside chat at the UBS Global Technology Conference on Tuesday, December 3, 2024 at 12:35 p.m. Pacific Time (3:35 p.m. Eastern Time).

Freshworks (FRSH) has been significantly punished by the market in 2024 but is poised for a rebound in 2025 due to low valuation. Interest rate cuts and a stronger economic backdrop in 2025 will boost software stocks, benefiting Freshworks' growth prospects. FRSH's valuation is attractive, trading at 26x FCF, expected to drop to 23x in 2025, making it a buy for long-term investors.

Shares of software development company Freshworks Inc NASDAQ: FRSH have been on a bumpy ride over the past year, shedding 55% of their value from December through October, even as the broader market enjoyed record highs. This lagging performance was a tough pill to swallow for investors.

Shares of cloud-data warehousing stock Snowflake were significantly pared down in the third quarter in favor of an up-and-coming customer relationship management (CRM) company.

Customer relationship management (CRM) software has become a mainstay for businesses of all sizes. CRM platforms enable companies to manage interactions and engagements with existing and potential customers.