Freshworks plunges after cutting annual revenue forecast, CEO transition [Yahoo! Finance]
Freshworks Inc. (FRSH)
Last freshworks inc. earnings: 3/14 04:05 pm
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Source: Yahoo! Finance
The company now expects annual revenue between $695 million and $705 million, compared with its previous forecast of $703.5 million to $711.5 million. Freshworks said on Wednesday that Dennis Woodside will take over as CEO and founder Girish Mathrubootham will be the executive chairman. Woodside joined Freshworks as president in 2022, with a prior professional record including president at Impossible Foods, chief operating officer at Dropbox and CEO at Motorola Mobility. Freshworks offers an IT service management product called Freshservice, which assists businesses with employee onboarding and management. The company, which once targeted a valuation of nearly $10 billion for its initial public offering, has seen its stock price lose more than 60% from its peak in 2021. The stock's current losses are set to erase around $1.5 billion from the company's market value of $5.45 billion based on Wednesday's closing price. "We like the move upmarket to enterprise ... we are step
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News
- Highperformr Secures $3.5 Million in Seed Funding to Help B2B Businesses Grow by Amplifying Their Social Presence [Yahoo! Finance]Yahoo! Finance
- Freshworks to Participate in Upcoming Investor ConferencesGlobeNewswire
- Freshwork (FRSH) Loses -23.99% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner [Yahoo! Finance]Yahoo! Finance
- Freshworks Inc. (NASDAQ: FRSH) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $30.00 price target on the stock.MarketBeat
- Freshworks Inc. (NASDAQ:FRSH) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
FRSH
Earnings
- 5/1/24 - Beat
FRSH
Sec Filings
- 5/10/24 - Form 4
- 5/10/24 - Form 4
- 5/8/24 - Form 4
- FRSH's page on the SEC website