Freshworks Stock Performance and Investor Worries: A Closer Look
Thursday, 2 May 2024, 23:26
Freshworks Q1 Performance
Freshworks reported non-GAAP earnings per share of $0.10 on revenue of $165.1 million, surpassing Wall Street estimates.
Analyst Downgrades and AI Concerns
Oppenheimer analyst Brian Schwartz downgraded the stock due to AI disruption risks and lackluster guidance, prompting significant sell-offs.
- Q2 earnings forecast: $0.05-$0.06 per share
- Full-year earnings forecast: $0.32-$0.35 per share
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