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Asana, Inc. (ASAN) operates a work management platform for individuals, team leads, and executives in the United States and internationally. 
It provides a work management platform as software as service that enables individuals and teams to get work done faster while enhancing employee engagement by allowing everyone to see how their work connects to the mission of an organization.
The company was formerly known as Smiley Abstractions, Inc. and changed its name to Asana, Inc. in July 2009. The Company reports it's earnings on September 2nd.
On June 3rd, it reported a 1st Quarter April 2021 loss of $0.22 per share on revenue of $76.7 million. The consensus estimate was a loss of $0.27 per share on revenue of $70.1 million.
The company said it expects a second quarter non-GAAP loss of $0.27 to $0.26 per share on revenue of $81.0 million to $83.0 million. The current consensus estimate is a loss of $0.27 per share on revenue of $74.06 million for the quarter ending July 31, 2021.
The company also said it now expects fiscal year revenue of $336.0 million to $340.0 million. The company's previous guidance was revenue of $309.0 million to $314.0 million and the current consensus estimate is revenue of $312.2 million for the year ending January 31, 2022.
Shares are heading higher in an upward trading channel. Presently at the lower boundary of the said channel. Higher share prices are expected.
Entry Point: $66.50
Stop Loss: $63.00
Trading Range: $20.57 - $71.00
Target Price: $73.15
ASAN closed at $72.90
