Braze, Inc. (NASDAQ:BRZE) posted better-than-expected fourth-quarter revenue and announced a $100 million share buyback program on Tuesday.
Braze reported quarterly adjusted earnings of ten cents per share, which missed the consensus estimate of 14 cents, according to data from Benzinga Pro. Quarterly revenue came in at $205.17 million, beating the Street’s estimate of $198.21 million.
“We finished the fiscal year with an exceptional Q4, accelerating year-over-year organic revenue growth for the third straight quarter while continuing to drive strong operating leverage across our global business,” said Bill Magnuson, CEO of Braze.
Braze expects fiscal 2027 adjusted EPS of 61 cents to 65 cents, versus the 63 cents analyst estimate, and revenue in a range of $884 million to $889 million, versus the $857.25 million estimate.
Braze shares jumped 19.9% to close at $21.60 on Wednesday.
These analysts made changes to their price targets on Braze following earnings announcement.
- Piper Sandler analyst Billy Fitzsimmons maintained Braze …