 | Your browser does not display parts of our website correctly. We use the latest technology available to provide you with a high quality experience; please upgrade your browser to its latest version to view the contents properly: |
Coupa Software (COUP) provides cloud-based spend management platform.
The company's platform connects organization with suppliers globally; and provides visibility into and control over how companies spend money, as well as enables businesses to achieve savings that drive profitability.
Its platform consists of procurement, invoicing, and expense management modules that form its transactional engine and capture a company's spend; and offers supporting modules, including sourcing, spend analysis, contract management, supplier management, and inventory management.
The company markets its platform to a range of enterprises in various industries, such as healthcare and pharmaceuticals, retail, financial services, manufacturing, technology, and others primarily through a direct sales force worldwide.
Shares have pulled back along with the rest of the market and have reached "trendline support" and are expected to move higher from these levels. The trendline support coincides with the stock's 50-day moving average.
On June 3rd, the firm reported a 1st Quarter April 2019 loss of $0.02 per share on revenue of $81.3 million. The consensus estimate was a loss of $0.04 per share on revenue of $73.8 million. Revenue grew 44.3% on a year-over-year basis.
The company said it expects a second quarter non-GAAP loss of $0.12 to $0.10 per share on revenue of $84.5 million to $85.5 million. The current consensus estimate is a loss of $0.01 per share on revenue of $77.7 million for the quarter ending July 31, 2019. The company also said it now expects fiscal year earnings of $0.07 to $0.10 per share on revenue of $342.0 million to $344.0 million. The company's previous guidance was earnings of $0.04 to $0.10 per share on revenue of $325.0 million to $327.0 million and the current consensus estimate is earnings of $0.07 per share on revenue of $326.8 million for the year ending January 31, 2020.
Entry Point: $133.00
Stop Loss: $126.00
52-Weeks Trading Range: $52.00 to $148.00
Target Price: $146.30
COUP closed at $150.25.
