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Markets · Investing · Business
Finance
Why Braze Stock Tumbled by Over 5% on Tuesday
It posted double-digit growth in key fundamentals in its second quarter, but this wasn't enough for a discerning market.
Braze(NASDAQ: BRZE) didn't start the holiday-shortened trading week on a high note. After it published its latest quarterly results that morning, investors aggressively sold the customer engagement software developer's stock. By the end of the day, its shares had fallen by more than 5%.
In its second quarter of fiscal 2027, Braze earned just over $227 million in revenue, representing a 26% year-over-year improvement. In its earnings release, the company said this was due mainly to an influx of new customers, combined with upsells and renewals of existing clientele. Of the total, nearly $208 million was subscription revenue, up 21%.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
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