Freshworks is trading 4.08% down at $11.05 after a muted market reaction to its August 4 earnings and guidance.
- Shares extended the post-earnings selloff from August 5, when they closed at $11.52, down 4.32%.
- Second-quarter revenue and adjusted EPS beat estimates, and Freshworks reached GAAP profitability, but investors viewed the outlook as largely anticipated and not strong enough.
- Full-year guidance rose modestly; third-quarter revenue guidance was near consensus, amid broader pressure on technology and software shares.