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Why Freshworks Rallied Big Today

TheMotleyFool

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Why Freshworks Rallied Big TodayPhoto, wide shot, wide-angle lens, Retail store, Midday, harsh overhead sunlight, directional sunlightt, photo by Peter Lik: https://img.midjourneyapi.xyz/temp/add1012b-1b24-4eb2-aba0-77ab52c7f8ad.png

Shares of Freshworks (NASDAQ: FRSH) rocketed 27.7% on Thursday as of 12:34 p.m. ET.

The software company, which makes easy-to-use enterprise software for IT, customer relationship management (CRM), and customer service, rallied after its third-quarter earnings report last night.

Despite the surge, the beaten-down stock is still well below its 52-week highs. Is it time to buy the bounce, or stay away?

Source Fool.com