Reported 1 day ago
Braze Inc. (BRZE) experienced a notable rally of 13.59% on Friday, closing at $31.42 per share, following an upgrade in its revenue growth outlook for fiscal 2026. The company now anticipates revenues between $717 million and $720 million, up from a previous forecast of $702 million to $706 million, driven by new business acquisitions and customer expansions. For the third quarter, Braze is projecting revenues of $183.5 million to $184.5 million. Despite a widening net loss in the second quarter, revenues rose significantly due to the influx of new customers and renewals.
Source: YAHOO