Investors can take a breather and assess whether there are opportunities to buy some beaten-down software stocks, after what some analysts believe was “indiscriminate” selling.
New AI tools from Anthropic sparked a broad sell-off in software and data stocks. Executives say fears are overblown, but analysts warn of margin and pricing pressure.
Hedge funds are increasing their short bets against software stocks, contributing to the brutal sell-off in the space so far this year, according to sources at two major funds on Wall Street.
SAN FRANCISCO--(BUSINESS WIRE)--Asana, Inc. (NYSE: ASAN)(LTSE: ASAN), a leading work management platform for human + AI collaboration, announced today that it will release financial results for the fourth quarter and fiscal year 2026 on Monday, March 2, 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...
Asana, Inc. trades at a steep discount to SaaS peers, with a P/S ratio of 4.4x versus higher-growth competitors. ASAN's operational efficiency is improving, with non-GAAP gross margins near 90% and positive free cash flow of $65M TTM. AI-driven product initiatives, including AI Teammates and Smart Workflows, position ASAN to enhance stickiness and pricing power.
Asana remains a hold as revenue growth continues decelerating and forward indicators show no imminent recovery. Enterprise traction is evident, with >$100k customer cohort growing 15% y/y, but SMB top-of-funnel weakness appears structural. Retention rates are stabilizing, and self-serve AI features could widen adoption, yet billings softness clouds near-term outlook.
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