NYSE:ASAN - New York Stock Exchange, Inc. - US04342Y1047 - Common Stock
Shares of work management software maker Asana (NYSE: ASAN) jumped 9% in the morning session as the major indices soared (Nasdaq +1.9%, S&P 500 +1.6%) after the Bureau of Labor Statistics reported that core CPI (Consumer Price Index - a measure of inflation which strips out volatile food and energy prices) for December 2024 came in better than expected, rising 3.2% year over year, compared to the consensus estimate for a 3.3% increase. This means that PPI and CPI both came in slightly below expectations. It is important because the results take additional rate hikes off the table, which some investors and market participants were beginning to whisper about.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the project management software industry, including Atlassian (NASDAQ:TEAM) and its peers.
Asana is quietly building out its next suite of products, which feature generative AI.
Shares of enterprise software company Asana (NYSE: ASAN) absolutely skyrocketed on Friday after it reported financial results for its fiscal third quarter of 2025 -- results that had the investing world feeling quite optimistic about its future. As of 9:50 a.m. ET, Asana stock was up about 40% and hitting 52-week highs. Beating the top end of guidance by 1% seems incompatible with a 40% gain in Asana's stock price.