Why Braze Stock Is Down 21% This Week
Shares of Braze (NASDAQ: BRZE), a customer engagement platform company, fell sharply this week after the company reported fiscal results for the second quarter, which ended on July 31. While the company beat analysts' top- and bottom-line consensus estimates, investors appeared disappointed with the company's third-quarter guidance.
As a result, the tech stock plunged by 21.7% this week, according to data provided by S&P Global Market Intelligence.
Braze reported revenue of $86.1 million for the quarter, which was up 55% from the year-ago quarter and beat Wall Street's average estimate of $81.1 million.
Source Fool.com
