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Why Braze Stock Is Down 21% This Week

TheMotleyFool

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Shares of Braze (NASDAQ: BRZE), a customer engagement platform company, fell sharply this week after the company reported fiscal results for the second quarter, which ended on July 31. While the company beat analysts' top- and bottom-line consensus estimates, investors appeared disappointed with the company's third-quarter guidance.

As a result, the tech stock plunged by 21.7% this week, according to data provided by S&P Global Market Intelligence.

Braze reported revenue of $86.1 million for the quarter, which was up 55% from the year-ago quarter and beat Wall Street's average estimate of $81.1 million.

Source Fool.com

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