Notable Stock to Watch: Coupa Software (NASDAQ: COUP)

Coupa Software (NASDAQ: COUP) Incorporated stock identified change of 158.43% away from 52-week low price and recently located move of -9.74% off 52-week high price. It has market worth of $8475.26M . COUP stock has been recorded -1.77% away from 50 day moving average and 34.07% away from 200 day moving average. Moving closer, we can see that shares have been trading -2.58% off 20-day moving average.

Coupa Software (NASDAQ: COUP) announced financial results for its second fiscal quarter ended July 31, 2019.

“We delivered a strong second quarter with record revenues of $95 million, up 54% year-over-year, and calculated billings of $108 million, up $57% year-over-year,” said Rob Bernshteyn, chairman and chief executive officer at Coupa. “These results demonstrate our continued momentum in delivering measurable and repeatable value to our customers. By extending our leadership standing in Business Spend Management (BSM), we feel well positioned on our path to $1 billion in revenue.”

Coupa defines calculated billings as the change in deferred revenue on the balance sheet for the period, plus revenue recognized during the period. See the section titled “Non-GAAP Financial Measures” and the reconciliation tables below for important details regarding Coupa’s non-GAAP measures. Coupa defines free cash flows as operating cash flows less purchases of property and equipment.

Second Quarter Results

Total revenues were $95.1 million, an increase of 54% compared to the same period last year. Subscription revenues were $83.5 million, an increase of 51% compared to the same period last year.

GAAP operating loss was $22.8 million, compared to a loss of $10.6 million for the same period last year. Non-GAAP operating income was $4.8 million, compared to Non-GAAP operating income of $4.0 million for the same period last year.

GAAP net loss was $20.0 million, compared to a net loss of $13.9 million for the same period last year. GAAP net loss per basic and diluted share was $0.32, compared to a net loss of $0.24 for the same period last year. Non-GAAP net income was $5.3 million, compared to Non-GAAP net income of $3.3 million for the same period last year. Non-GAAP net income per diluted share was $0.07, compared to Non-GAAP net income per diluted share of $0.05 for the same period last year.

Operating cash flows and free cash flows were positive $1.3 million and negative $2.3 million, respectively, for the quarter ended July 31, 2019.

Business Outlook:

The following forward-looking statements reflect Coupa’s expectations as of September 3, 2019.

Third quarter of fiscal 2020:

Total revenues are expected to be between $95.5 and $96.5 million.

Subscription revenues are expected to be between $86.0 and $87.0 million.

Professional services and other revenues are expected to be approximately $9.5 million.

Non-GAAP income from operations is expected to be between $3.5 and $5.5 million.

Non-GAAP net income per diluted share is expected to be between $0.05 and $0.08 per share.

Diluted weighted average share count is expected to be approximately 71.7 million shares.

Full year fiscal 2020:

Total revenues are expected to be between $369.0 and $372.0 million.

Non-GAAP income from operations is expected to be between $10.0 and $13.0 million.

Non-GAAP net income per diluted share is expected to be between $0.11 and $0.16 per share.

Diluted weighted average share count is expected to be approximately 70.0 million shares.

 The Technology sector company, Coupa Software Incorporated noticed change of -3.26% to $134.4 along volume of 3020347 shares in recent session compared to an average volume of 1555.39K. The stock observed return of -6.79% in 5 days trading activity. The stock was at -2.22% over one month performance. COUP’s shares are at 19.55% for the quarter and driving a 89.22% return over the course of the past year and is now at 113.81% since this point in 2018. 

 The average volatility for the week at 4.93% and for month was at 4.04%. There are 63.06M shares outstanding and 61.35M shares are floated in market.

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