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Why Asana Stock Skyrocketed Today

Jon Quast, The Motley Fool
·2-min read
Why Asana Stock Skyrocketed Today

Shares of work-collaboration software company Asana (NYSE: ASAN) skyrocketed on Thursday after the company reported strong financial results for the fourth quarter of its fiscal 2023. As of 11:30 a.m. ET, Asana stock was up 22% and has now doubled in value from the all-time low it touched earlier this year. In its fiscal Q4, which ended Jan. 31, Asana generated revenue of over $150 million, up 34% year over year and ahead of management's guidance of $144 million to $146 million.

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