Is Coupa Software Stock a Buy Now?
Coupa Software's (NASDAQ: COUP) stock surged 18% on Sept. 7 following the release of its second-quarter earnings report. The spending analytics software provider's revenue rose 18% year-over-year to $211.1 million, which exceeded analysts' estimates by $7 million. On a GAAP (generally accepted accounting principles) basis, its net loss narrowed from $91.5 million to $75.3 million, or $0.99 per share, which also cleared the consensus forecast by $0.22. On a non-GAAP basis, its net income declined 19% year-over-year to $16.5 million.
Coupa expects its revenue to rise 13% to 15% year-over-year in third quarter, and to increase about 16% for the full year. Both estimates were in line with analysts' expectations. Those headline numbers looked solid, but do they indicate that Coupa's stock can finally bounce back after losing about three-quarters of its value over the past 12 months?
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Source Fool.com
