Asana (ASAN) is todays under 30-stock. In this segment Jenny Horne and Alex Coffey discuss Asana, (ASAN) with George Tsillis. George talks about the company which provides workplace management software and how that growing field, could have contributed to Asana’s weak fourth quarter earnings. George explains that while Asana’s top lines sales were good, the workplace software space is getting crowded. He noted that several analysts also downgraded Asana today, resulting in shares falling 22% in early trading to $37.60. Over the past six months, Asana shares have fallen 50%. Alex and George talk about existing competitors to Asana and possible future competitors like Microsoft (MSFT).
11 Mar 2022