Coupa Software (NASDAQ:COUP) issued an update on its first quarter 2020 earnings guidance on Monday morning. The company provided EPS guidance of $-0.06–0.03 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.01. The company issued revenue guidance of $73.5-74 million, compared to the consensus revenue estimate of $70.27 million.Coupa Software also updated its FY 2020 guidance to $0.04-0.10 EPS.
COUP traded up $2.98 on Monday, hitting $93.57. 3,639,669 shares of the company’s stock traded hands, compared to its average volume of 1,465,203. The company has a market capitalization of $5.39 billion, a PE ratio of -123.12 and a beta of 1.88. Coupa Software has a one year low of $43.89 and a one year high of $99.64.
COUP has been the topic of several recent analyst reports. Cantor Fitzgerald reissued a buy rating and set a $92.00 target price on shares of Coupa Software in a research note on Sunday, January 13th. Royal Bank of Canada lifted their target price on Coupa Software from $84.00 to $104.00 and gave the company an outperform rating in a research note on Friday. Zacks Investment Research downgraded Coupa Software from a strong-buy rating to a hold rating in a research note on Tuesday, February 5th. Barclays lifted their target price on Coupa Software from $69.00 to $71.00 and gave the company an equal weight rating in a research note on Tuesday, December 4th. Finally, Morgan Stanley lifted their target price on Coupa Software from $70.00 to $76.00 and gave the company an equal weight rating in a research note on Friday. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock has an average rating of Buy and an average price target of $73.07.
Coupa Software Company Profile
Coupa Software Incorporated 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.
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