Why Asana Stock Plummeted This Week

Shares of Asana (NYSE: ASAN) lost substantial ground in the last week of trading. The work-management software company's stock price closed out the period down 23.8% compared to the previous Friday's market close, according to data from S&P Global Market Intelligence. 

Asana published fourth-quarter and full-year results on March 9, and the stock lost ground following the release despite sales and earnings coming in ahead of the market's expectations. The company posted a non-GAAP (adjusted) loss per share of $0.25 on revenue of $111.9 million. Meanwhile, the average analyst estimate had called for an adjusted loss per share of $0.28 on revenue of $105.2 million.

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Source Fool.com