Asana, Inc.·Technology

SAN FRANCISCO--(BUSINESS WIRE)--Asana, Inc. (NYSE: ASAN)(LTSE: ASAN), the system of action for work where humans and AI collaborate, announced today that it will release financial results for the first quarter fiscal year 2027 on Thursday, May 28, 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 time) to discuss the financial results. The live webcast and replay will be availab.

No announcement or breakthrough caused the surge; just a classic short squeeze story involving an artificially-limited float and unbridled risk-seeking behavior.

Software-as-a-service stocks powered portfolios for a decade on predictable revenue and fat margins. Then AI arrived. Tools that write code, design interfaces, and automate workflows triggered the so-called SaaS-pocalypse in early 2026. The iShares Expanded Tech-Software Sector ETF (CBOE: IGV) has fallen 35% from its October peak, with even companies posting double-digit growth watching investors flee.... The SaaS-Pocalypse's Biggest Losers: Figma, Duolingo, and Monday.com Suffer Brutal Meltdowns

Asana, Inc. (NYSE: ASAN - Get Free Report)'s stock price reached a new 52-week low during trading on Friday. The stock traded as low as $6.31 and last traded at $6.3850, with a volume of 544955 shares traded. The stock had previously closed at $6.68. Analysts Set New Price Targets Several equities analysts recently issued

Shares of Asana, Inc. (NYSE: ASAN - Get Free Report) have been assigned a consensus rating of "Hold" from the seventeen research firms that are currently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one

Asana, Inc. (ASAN) Presents at Morgan Stanley Technology, Media & Telecom Conference 2026 Transcript
Asana, Inc., together with its subsidiaries, operates a work management platform for individuals, team leads, and executives in the United States and internationally. The company's platform enables teams to orchestrate work from daily tasks to cross-functional strategic initiatives; and manages product launches, marketing campaigns, and organization-wide goal settings. It serves customers in industries, such as technology, retail, education, non-profit, government, healthcare, media, and financial services. The company was formerly known as Smiley Abstractions, Inc. and changed its name to Asana, Inc. in July 2009. Asana, Inc. was incorporated in 2008 and is headquartered in San Francisco, California.
Technology
Software - Application
1,819
2020-09-30
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