5 Stocks Making Headlines After Earnings Reports

1. Coupa Software Incorporated (NASDAQ:COUP)

Number of Hedge Fund Holders: 59

Shares of Coupa Software Incorporated (NASDAQ:COUP) recently plunged to a nearly three-year low after announcing a weak sales outlook for its fiscal first quarter. The California-based tech company guided for revenue in the range of $189 – $191 million for the current quarter, below analysts’ average estimate of $196 million.

The weak sales outlook overshadowed the company’s better-than-expected financial results for its fiscal fourth quarter. Coupa Software Incorporated (NASDAQ:COUP) reported adjusted earnings of 19 cents per share, up from 17 cents per share in the year-ago period.

In addition, Coupa Software Incorporated (NASDAQ:COUP) posted revenue of $193.3 million, up 18 percent on a year-over-year basis. The results crushed the expectations of 5 cents per share for earnings and $185.68 million for revenue.

Speaking on the results, CEO of Coupa Software Incorporated (NASDAQ:COUP), Rob Bernshteyn, said:

“During Fiscal ’22, we grew new business in excess of 60%, which we define as new recurring revenue from new customer logos and add-on transactions. That growth was driven by strength in our core business, coupled with momentum in our integration of acquired assets.”

You can also take a peek at 10 Safe Dividend Stocks to Buy Today and 10 Undervalued Dividend Kings To Buy In 2022.

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