Couchbase, Inc. (BASE) Reports Q2 Loss of $1.54
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September 9, 2021 6:34 AM EDT
Stifel analyst Brad Reback raised the price target on Couchbase Inc (NASDAQ: BASE) to $51.00 (from $43.00) while maintaining a Buy rating.
The analyst commented, "Couchbase reported its first earnings as a public company, beating our top-line estimates, with the strong performance driven by accelerating... More
September 9, 2021 5:36 AM EDT
Shares of Couchbase (NASDAQ: BASE) have plunged over 15% in pre-open Thursday after the company reported a wider-than-expected Q2 loss.
BASE reported revenue of $29.7 million to top the analyst estimates of $28.1 million. However, the company reported a loss of $1.54 per share, much higher than the consensus of $1.08 per share. Annual recurring revenue jumped by 20% to $115.2 million.
"We delivered strong performance and continued to gain momentum in our second quarter. With the introduction of our latest innovation in Couchbase Server 7, we have fused the strengths of relational with the flexibility of a modern database allowing... More
September 7, 2021 6:12 AM EDT
RBC Capital analyst Matthew hedberg raised the price target on Couchbase Inc (NASDAQ: BASE) to $53.00 (from $40.00) while maintaining a Outperform rating.... More
