FRSH · Freshworks Inc.

프레시웍스, GAAP 기준 지속 흑자 목표 속 2026년 매출 9억6,350만~9억6,650만 달러 전망

프레시웍스, 비GAAP EPS 0.17달러로 0.04달러 상회…매출 2억3,728만달러도 369만달러 상회

프레시웍스 2026년 2분기 실적 프리뷰

프레시웍스(Freshworks) 이벤트, EX·AI·2028년 목표에 방점: UBS

니덤, Freshworks의 임직원 및 고객 경험 사업 주목

프레시웍스(Freshworks), 2026회계연도 매출 9억5,800만~9억6,400만 달러 전망… 인력 약 11% 감축

프레시웍스(Freshworks) 비GAAP EPS 0.11달러, 예상 부합…매출 2억 2,860만 달러로 컨센서스(예상치) 대비 542만 달러 상회

프레시웍스(Freshworks) 2026년 1분기 실적 프리뷰

니드햄, 자사주 매입 통해 '의미 있는' 성장 기대되는 줌·프레시웍스·먼데이닷컴 등 언급

오펜하이머, 에이전틱(주체적) AI 시대 피해야 할 종목으로 프레시웍스 지목

프레시웍스: 다중 제품 판매 호조 속 뛰어난 밸류에이션 매력

• Freshworks remains a compelling "Buy" as Q2 results dispel SaaS sector fears, with stable mid-teens revenue growth and strong Rule of 40 performance.
• FRSH’s valuation is attractive, trading at a $2.67 billion enterprise value, with significant net cash and less than 2% penetration of its $45 billion TAM.
• EX ARR grew 23% year-over-year to $567 million, expected to maintain mid-20s growth and surpass $600 million by 2026, anchoring FRSH’s growth engine.
• CX ARR reached $400 million with a focus on profitability and steady-state growth, supported by operational efficiencies and strong mid-market fit.

프레시웍스: 시장은 EX 우선 스토리를 과소평가, 2분기도 이를 재확인

• Freshworks Inc. is initiated with a buy rating, citing a compelling employee experience (EX) positioning, cheap valuations, robust earnings and FCF growth, and technical momentum.
• FRSH's shift to an EX product suite, now 60% of ARR, drives superior growth, profitability, and stickiness, with EX ARR up 22% YoY.
• FY26 EPS guidance was raised by 7-8%, reversing prior expectations of an earnings contraction in FY26, with FY27 EPS growth projected at ~20-28%.
• FRSH's FCF story too is underappreciated as it looks set to convert one-third of its revenue to free cash by FY28 (currently converting less than one-fourth).
• FRSH trades at a 15x forward P/E and >8% FCF yield, offering better value than peers, while technicals and mean reversion themes support upside potential.

Freshworks: 고객 성장과 높은 잔존율

• Freshworks turned in an impressive Q1 beat-and-raise, boosting its full-year growth expectations by 50bps.
• FRSH stock remains a deep value play in the software sector, trading at <2x revenue and ~10x ex-cash P/E.
• Management is citing strong performance in employee experience ("EX") tools that are driving net-new customer additions.

Freshworks: SaaSpocalypse 할인, 영원하지 않을 것

• Freshworks demonstrates robust revenue growth, strong cash flow, and resilient operating performance despite AI-driven sector fears.
• The company trades at a significant discount to peers, with a P/S of 2.5 and P/E of 14.2 for 2026, well below industry averages.
• Management guides for accelerating profitability and free cash flow, with headcount reductions and AI adoption expected to drive margin expansion in H2.
• I maintain a Buy rating, expecting continued stock price appreciation as the market rerates FRSH's growth and execution.

Freshworks: 이제는 무시하기 힘든 가치 (상향 조정)

• Freshworks is upgraded to a 'Buy' as its valuation reflects significant downside, despite macro-driven growth headwinds.
• FRSH's complex, AI-resistant software and deep integration into customer operations create high switching costs and defensible revenue streams.
• The company’s upmarket shift, with over 60% ARR from enterprise and mid-market clients, enhances revenue stability and cross-sell potential.
• FRSH balances mid-teens revenue growth with a near-20% pro forma operating margin and maintains a strong, debt-free balance sheet with $0.8 billion in cash.