Anaplan Inc. (PLAN) lost a further 15.10% in the after-market at a volume of 609.32 thousand on November 23. During market hours, the stock went down by 3.59% to close at $52.06, which fell to $44.20 in the after hours. 3.79 million shares exchanged hands during the normal trading session, which was 244% of the average of 1.55 million. The day’s range put the stock between $50.95 and $53.98. While in the 52-week range, the stock saw a high of $86.17 and a low of $46.00. In the past five days, PLAN stock has lost 15.47% and 20.45% the last month. Further, the stock has lost a value of 27.54% year to date. The current market capital of the stock stands at $7.89 billion.
While the stock was already in a downtrend, it went further down in the after-hours, after the company posted its third-quarter earnings.
Founded in 2006, Anaplan Inc. (PLAN) engages in the provision of a cloud-based connected planning platform. Which connects organizations and people for decision making.
Q3 Fiscal Year 2022
Anaplan Inc. (PLAN) announced its third-quarter financial results of the fiscal year 2022, on November 24. According to the results, the total revenue of the company was $155.3 million, which shows a gain of 35.2% year-over-year. While the subscription revenue increased 33.1% year-over-year, at $139.3 million in the quarter.
Moreover, the GAAP operating loss of the quarter stood at $48.2 million, against $35.9 million in Q3 of the fiscal year 2021. While the non-GAAP operating loss for Q3 of the fiscal year 2021, was $6.9 million, which was 4.4% of the total revenue.
Consequently, the GAAP loss per share stood at $0.28, against $0.26 in Q3 of the fiscal year 2021. While the non-GAAP loss per share was $0.05, flat against the Q3 of the fiscal year 2021.
As of October 31, 2021, PLAN had cash and cash equivalents of $312.4 million.
PLAN’s Future Outlook
Based on the current finances, Anaplan Inc. (PLAN) provided guidance for its fourth quarter of the fiscal year 2022. The company expects revenue for the fourth quarter to be in the range of $154.0 million and $155.0 million. Moreover, the expected non-GAAP operating margin for the fourth quarter is in the range of negative 10.0% and 11.0%.
Further, the company also expects billings between $213 million and $214 million for the fourth quarter of the fiscal year 2022.
