Freshworks (FRSH) provides a SaaS platform for business support including features like ticketing, CRM, HR, ITSM and marketing. It seems like a cheap growth pick to me, what's your opinion?
I've compared Freshworks to Zendesk (ZEN) ServiceNow (NOW) and Atlassian (TEAM), somewhat similar companies. Freshworks is cheap in terms of price/sales (~7), revenue growth (~45%), and gross margin (~78%). Their numbers are a bit off because they had an IPO last year, causing one-time expenses, but looking beyond that the numbers look pretty promising to me, relative to their peers.
The stock price is down 65.43% since their IPO in September last year. Am I missing something here?
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