Coupa Software (NASDAQ:COUP) issued an update on its FY19 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of ($0.28)-($0.23) for the period, compared to the Thomson Reuters consensus estimate of ($0.29). The company issued revenue guidance of $227-230 million, compared to the consensus revenue estimate of $226.82 million.Coupa Software also updated its Q1 guidance to ($0.13)-($0.11) EPS.
Shares of Coupa Software (COUP) traded up $0.79 during mid-day trading on Monday, hitting $49.18. 1,699,420 shares of the stock were exchanged, compared to its average volume of 750,501. Coupa Software has a 52-week low of $22.50 and a 52-week high of $49.61. The company has a market capitalization of $2,690.00 and a price-to-earnings ratio of -48.93.
A number of analysts have recently commented on COUP shares. Barclays upgraded shares of Coupa Software from an equal weight rating to an overweight rating and set a $38.00 price target for the company in a research note on Monday, January 8th. Raymond James Financial reiterated a buy rating and issued a $40.00 price target on shares of Coupa Software in a research note on Tuesday, December 12th. Zacks Investment Research upgraded shares of Coupa Software from a hold rating to a buy rating and set a $36.00 price target for the company in a research note on Thursday, December 7th. Royal Bank of Canada reissued a buy rating and issued a $41.00 price objective on shares of Coupa Software in a report on Wednesday, November 15th. Finally, Oppenheimer initiated coverage on shares of Coupa Software in a report on Thursday, December 21st. They issued a buy rating and a $41.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $41.27.
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Coupa Software Company Profile
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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