Coupa Software (NASDAQ:COUP) announced its quarterly earnings data on Monday. The technology company reported $0.02 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.17, Bloomberg Earnings reports. The firm had revenue of $53.80 million for the quarter, compared to analyst estimates of $48.64 million. Coupa Software had a negative return on equity of 20.40% and a negative net margin of 24.37%. The business’s quarterly revenue was up 41.5% compared to the same quarter last year. During the same period last year, the company earned ($0.05) EPS. Coupa Software updated its Q1 guidance to ($0.13)-($0.11) EPS and its FY19 guidance to ($0.28)-($0.23) EPS.
Coupa Software (NASDAQ:COUP) traded up $0.79 during mid-day trading on Monday, hitting $49.18. The stock had a trading volume of 1,710,000 shares, compared to its average volume of 760,686. The firm has a market cap of $2,710.00 and a P/E ratio of -49.18. Coupa Software has a one year low of $22.50 and a one year high of $49.61.
COUP has been the topic of a number of recent research reports. Barclays upgraded Coupa Software from an “equal weight” rating to an “overweight” rating and set a $38.00 price objective on the stock in a research report on Monday, January 8th. Raymond James Financial reiterated a “buy” rating and issued a $40.00 price objective on shares of Coupa Software in a research report on Tuesday, December 12th. Zacks Investment Research upgraded Coupa Software from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a research report on Thursday, December 7th. Royal Bank of Canada reiterated a “buy” rating and issued a $41.00 price objective on shares of Coupa Software in a research report on Wednesday, November 15th. Finally, Oppenheimer started coverage on Coupa Software in a research note on Thursday, December 21st. They issued a “buy” rating and a $41.00 price target on the stock. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $41.27.
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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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