Coupa Software (NASDAQ:COUP) issued an update on its first quarter earnings guidance on Monday morning. The company provided earnings per share guidance of ($0.13)-($0.11) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.11). The company issued revenue guidance of $51.0-51.5 million, compared to the consensus revenue estimate of $49.46 million.Coupa Software also updated its FY19 guidance to ($0.28)-($0.23) EPS.
Coupa Software (NASDAQ COUP) traded up $0.79 during trading on Monday, reaching $49.18. 1,699,420 shares of the company were exchanged, compared to its average volume of 750,501. The company has a market cap of $2,690.00 and a price-to-earnings ratio of -48.93. Coupa Software has a twelve month low of $22.50 and a twelve month high of $49.61.
COUP has been the topic of a number of analyst reports. Royal Bank of Canada reaffirmed a buy rating and set a $41.00 target price on shares of Coupa Software in a report on Wednesday, November 15th. Barclays reaffirmed a hold rating and set a $38.00 target price (up previously from $34.00) on shares of Coupa Software in a report on Monday, November 27th. Cantor Fitzgerald reaffirmed a buy rating and set a $36.00 target price on shares of Coupa Software in a report on Tuesday, December 5th. Zacks Investment Research raised shares of Coupa Software from a hold rating to a buy rating and set a $36.00 target price on the stock in a report on Thursday, December 7th. Finally, Raymond James Financial reaffirmed a buy rating and set a $40.00 target price on shares of Coupa Software in a report on Tuesday, December 12th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Coupa Software currently has an average 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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