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Why is Braze Inc (BRZE) Stock down?

28 Mar, 2024:

Braze (BRZE) stock dropped by 12.42% due to the release of its fourth-quarter results and revenue guidance for the next year. The company reported a significant slowdown in demand, with customer growth also slowing down below expectations. Furthermore, Braze's full-year operating loss guidance was worse than anticipated, despite revenue and earnings per share exceeding expectations for the quarter. Overall, the quarter was mixed but weaker than expected for the company.

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