Asana Announces Record Third Quarter Revenues

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Go back to Asana Announces Record Third Quarter Revenues

Asana (ASAN) PT Raised to $35 at Oppenheimer

December 10, 2020 8:47 AM EST

Oppenheimer analyst Ittai Kidron raised the price target on Asana (NYSE: ASAN) to $35.00 (from $30.00) while maintaining an Outperform rating.

The analyst commented, "In its public debut, Asana delivered strong results topping Street expectations. Customer metrics were robust as the company benefited from strong... More

Asana (ASAN) PT Raised to $36 at RBC Capital

December 10, 2020 7:17 AM EST

RBC Capital analyst Alex Zukin raised the price target on Asana (NYSE: ASAN) to $36.00 (from $30.00) while maintaining an Outperform rating.

The analyst commented, "Asana reported a very strong first quarter as a public company, highlighted by 55% revenue growth and accelerated billings... More

Asana, Inc. (ASAN) Tops Q3 EPS by 3c, Revenues Beat; Offers FY21 EPS/Revenue Guidance Above Consensus

December 9, 2020 4:06 PM EST

Asana, Inc. (NYSE: ASAN) reported Q3 EPS of ($0.34), $0.03 better than the analyst estimate of ($0.37). Revenue for the quarter came in at $58.9 million versus the consensus estimate of $54.14 million.

Third Quarter Fiscal 2021 Financial Highlights

Revenues: Revenues were $58.9 million, an increase of 55% year over year.Operating Loss: GAAP operating loss was $61.9 million, or 105.1% of revenues, compared to GAAP operating loss of $63.1 million, or 165.7% of revenues, in the third quarter of fiscal 2020. Non-GAAP operating loss was $37.3 million, or 63.3% of revenues, compared to non-GAAP operating loss of $21.5 million, or 56.3% of revenues, in the third... More