Reported about 11 hours ago
Braze, Inc. (NASDAQ:BRZE) experienced a substantial decline of 17.65% in its share price on Friday, closing at $29.73. This drop followed a lackluster first quarter earnings report for fiscal year 2026, where the company reported a net loss of $35 million despite a 20% increase in revenues to $162 million. For the upcoming quarter, Braze projects revenues between $171 million and $172 million and recently appointed Ed McDonnell as its new chief revenue officer, aiming to strengthen its position in the customer engagement sector.
Source: YAHOO