Coupa Software (COUP) Releases Quarterly Earnings Results, Beats Expectations By $0.06 EPS
Coupa Software (NASDAQ:COUP) posted its quarterly earnings data on Monday. The technology company reported ($0.05) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.11) by $0.06, Bloomberg Earnings reports. The business had revenue of $47.30 million during the quarter, compared to the consensus estimate of $45.02 million. Coupa Software had a negative net margin of 24.00% and a negative return on equity of 19.01%. Coupa Software’s quarterly revenue was up 33.6% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.22) EPS. Coupa Software updated its Q4 guidance to ($0.14-0.16) EPS.
Coupa Software (NASDAQ COUP) opened at $33.62 on Tuesday. Coupa Software has a one year low of $22.50 and a one year high of $37.72.
Several equities analysts recently commented on the stock. ValuEngine upgraded shares of Coupa Software from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. Barclays reiterated a “hold” rating and set a $38.00 target price (up from $34.00) on shares of Coupa Software in a research note on Monday, November 27th. Zacks Investment Research upgraded shares of Coupa Software from a “sell” rating to a “hold” rating in a research note on Tuesday, November 7th. Royal Bank Of Canada reiterated a “buy” rating and set a $41.00 target price on shares of Coupa Software in a research note on Wednesday, November 15th. Finally, First Analysis assumed coverage on shares of Coupa Software in a research note on Monday, August 7th. They set an “overweight” rating and a $37.00 target price for the company. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $35.66.
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About Coupa Software
Coupa Software Incorporated is a United States-based company, which provides a unified, cloud-based spend management platform that connects organizations with suppliers globally. The Company offers spend management cloud applications, which are pre-integrated. The platform offers consumerized financial applications.
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