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Producteev vs asana 20151/27/2024 ![]() The product has a few other important distinctions. According to Seeking Alpha, it enables companies to integrate “more security and data governance” into their existing software. Asana also collaborates with multiple information security providers, including Okta (NASDAQ: OKTA), and Asana, in general, has more partnerships with other tech firms than its competitors. Taking on Alphabet, Microsoft and dozens of other competitors is very difficult for a company whose revenue in its fiscal 2021 (which mostly fell in calendar 2020) was just $227 million and that spent a total of just $402.5 million during that year.Īnd as the latter numbers indicate, Asana, which was founded back in 2008, remains deeply in the red. Its operating income in the fiscal 2021 year was a loss $175.6 million, down from -a loss of $119.6 million in 2020 and a loss of $52 million in 2019. The fact that the company’s operating income went down in each of the last two years is also discouraging.ĭespite these issues, the valuation of ASAN stock is gigantic. Although the shares have tumbled nearly 50% from their November highs, their trailing price-sales ratio is a staggering 34.4. And based on analysts’ average 2022 sales estimate, the shares are trading at a price-sales ratio of 27.5. The Bottom Line on ASAN StockĪsana’s strong reviews are encouraging, and it seems to be a market leader when it comes to IT security, partnerships, and remote workers. While those are very important capabilities, I’m unsure if they will enable Asana to continue taking market share from its dozens of competitors, including Alphabet and Microsoft. What’s more, at a time when Wall Street is largely shunning stocks with very high valuations and high losses, Asana checks both of those boxes. ![]() Therefore, I would sell ASAN stock and await either a much more attractive valuation or compelling evidence that Asana can profitably take share from its competitors over the long term. On the date of publication, Larry Ramer did not have (either directly or indirectly) any positions in the securities mentioned in this article. Larry has conducted research and written articles on U.S. He has been employed by The Fly and Israel’s largest business newspaper, Globes. Among his highly successful, contrarian picks have been solar stocks, Upstart, Roku, Plug Power, and Snap. You can reach him on StockTwits at Larry began writing columns for InvestorPlace in 2015. Man Who Called Black Monday: “Prepare Now.” Stock Prodigy Who Found NIO at $2… Says Buy THIS Now The post For Now, Asana’s Weaknesses Outweigh Its Strengths appeared first on InvestorPlace.Over time, problems meant to be solved by a company have grown more and more complex. In Today's scenario, development model where designer, implementer and maintainer of enterprise class project are one and the same person throughout application’s life cycle which is impossible. Teamwork is crucial where time, money and quality counts. ![]() Todays skilled employees need robust, yet easy-to-use tools to help them stay organized and on top of their ever-changing list of tasks. ![]() Service delivery organizations are constantly under pressure to meet the service level agreements (SLAs).A well planned task allocation system plays an important role in meeting these objectives.
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