Braze, Inc. Stock Price, News & Analysis

Braze (Nasdaq: BRZE) announced its ranking of #344 on the Deloitte Technology Fast 500™, reflecting a remarkable 402% growth from 2018 to 2021 in fiscal year revenue. The company emphasizes the growing importance of customer engagement technologies during challenging times, highlighting increased investments by businesses in customer loyalty and activation. Braze’s comprehensive platform enables brands to optimize marketing strategies through real-time customer data.

Braze (Nasdaq: BRZE) unveiled new product innovations at its annual conference, FORGE, focusing on enhancing customer engagement. Key features include Cloud Data Ingestion for improved data activation and expanded WhatsApp messaging capabilities. Braze's partnership with Snowflake enhances data processing and integration, while new features enable deeper customer insights through extended data retention and customizable PII protections. These advancements aim to help brands meet evolving consumer expectations in a digital-first landscape.

Braze (Nasdaq: BRZE) and WARC have released a report titled “The Invisible Enabler: Unlocking the Creative Potential of Technology”, exploring how leading brands use technology to enhance creativity and customer engagement. The report analyzes award-winning campaigns from brands like Nike and Spotify, highlighting the synergy between technology and creativity. Key findings emphasize the importance of data in crafting personalized experiences, adapting marketing to evolving consumer behaviors, and fostering collaboration between marketing and performance teams. The report is essential for brands aiming to improve marketing effectiveness.

Braze (NASDAQ: BRZE) will hold an Investor Event on October 13th at 1:30 pm ET to discuss its business and product development efforts. The event will be broadcast live, with an on-demand replay available on their Investor site. Braze is recognized for its customer engagement platform, allowing brands to optimize marketing campaigns through real-time customer data processing. The company has received accolades from Fortune as one of the Best US and UK Workplaces in Technology, and for its commitment to diversity and workplace culture.

Braze reported a significant 54.5% increase in revenue for the second quarter of fiscal 2023, totaling $86.1 million. The growth was driven by new customer acquisitions and upsell opportunities. The company achieved a dollar-based net retention rate of 126%, indicating a strong customer engagement. Despite a GAAP operating loss of $35.1 million and increased cash usage in operations, Braze remains optimistic about its long-term strategy and market positioning. The Q3 revenue guidance is set between $90.0 - 91.0 million.

Braze has released a report, "Banking on the Customer Journey: 2022 Financial Services Insights", highlighting a significant gap in consumer expectations and brand communication in financial services. Only 39% of consumers find financial brand communications relevant, while 82% of brands believe customers are satisfied. The report emphasizes the importance of personalized communication; 87% of customers who receive relevant messages report satisfaction. It also stresses the need for brands to utilize first- and zero-party data responsibly.

Braze (NASDAQ: BRZE) announced the participation of its management team in two upcoming investor conferences. The Goldman Sachs Communacopia + Technology Conference will take place in San Francisco on September 14, featuring a fireside chat with Cofounder and CEO Bill Magnuson at 10:00 AM PT. Additionally, the Piper Sandler Growth Frontiers Conference will also be held on the same day in Nashville, with President and CCO Myles Kleeger speaking at 2 PM CT. Live webcasts of both presentations will be available on the Braze Investor site.

Braze (NASDAQ: BRZE) will release its financial results for Q2 FY 2023, ending July 31, 2022, post-market on September 12, 2022. A conference call is scheduled for the same day at 5:00 pm EDT to discuss the results. The event will be accessible via a webcast on the company's Investor site. Braze is recognized as a top customer engagement platform, aiding brands in real-time data processing and marketing campaign optimization. The company has received accolades as one of Fortune's Best Workplaces in various categories.