Asana Earnings: Don't Buy This Dip, Again

DNY59 Investment Thesis Asana, Inc. (NYSE:ASAN) delivered fiscal Q2 2025 earnings results and guidance that were unpleasant and led to its share price falling by slightly more than 10% after hours. More specifically, it was a reminder that Asana is no longer a high-growth business. Even though Asana carries nearly 20% of its market cap as cash once its debt profile is factored in, Asana is still not attractively priced to entice investors to buy the dip on this stock. In summary, I continue to make the  ...