123.30 +3.13 (2.60%)
After hours: 7:52PM EDT
|Bid||121.50 x 2200|
|Ask||122.00 x 800|
|Day's Range||118.49 - 126.98|
|52 Week Range||52.01 - 159.97|
|Beta (3Y Monthly)||1.58|
|PE Ratio (TTM)||N/A|
|Earnings Date||Dec 2, 2019 - Dec 6, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||162.59|
SAN MATEO, Calif., Oct. 23, 2019 /PRNewswire/ -- Coupa Software (COUP), a leader in Business Spend Management (BSM), today announced that PSS Industrial Group, a value added distributor in the energy industry, selected and deployed Coupa's BSM platform. With Coupa, PSS Industrial Group now has the visibility and control it needs in one comprehensive solution to make smarter spend decisions. Before deploying Coupa, PSS Industrial Group used Concur, but determined that it was unable to access the necessary information to analyze spend across its four brands and offices spread across the United States.
(Bloomberg) -- An ugly two months for software stocks is getting worse, and bullish investors are looking to earnings reports this week from ServiceNow Inc. and Microsoft Corp. to stem the tide.Zoom Video Communications Inc. and ServiceNow fell more than 5% on Tuesday, each extending losing streaks to a fifth consecutive day. The group has been under renewed pressure since last week, despite an earnings report from Atlassian Corp. that was praised by analysts. Both ServiceNow and Microsoft are due to report Wednesday afternoon.“We all know there’s some frothiness in some of these specialty software as a service companies,” said Jason Benowitz, a senior portfolio manager with Roosevelt Investment Group. “I’m interested in how the market will react when Microsoft reports, because I think everyone is expecting results to be strong.”Software valuations have come under the microscope amid concerns about whether their break-neck growth is sustainable in a slowing economy and a renewed focus on profitability in the wake of WeWork’s initial public offering stumble. A Goldman Sachs basket of expensive software stocks has fallen 28% from a July peak, with nearly all of that decline coming since the start of September.Other big decliners on Tuesday included Slack Technologies Inc. and Alteryx Inc., which both fell more than 7%, while Coupa Software Inc.has lost 24% since the beginning of last week.To contact the reporter on this story: Jeran Wittenstein in San Francisco at firstname.lastname@example.orgTo contact the editors responsible for this story: Catherine Larkin at email@example.com, Courtney DentchFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Coupa Software saw its shares clobbered as investors continued to rotate money out of the group, noted Jim Cramer during his Mad Money program Friday. Let's check out the charts of COUP to see if there might be more downside. In the daily bar chart of COUP, below, we can see that prices have been swinging in wider and wider high/low trading ranges since late July.
(Bloomberg) -- Software companies fell on Friday, extending recent losses after results from Atlassian Corp. topped analyst forecasts yet failed to provide enough upside to assuage concerns over the group’s valuation.Atlassian shares dropped as much as 11% to their lowest level since May. The stock was on track for its third straight decline, as was Veeva Systems Inc., off 5.4%, and ServiceNow Inc., down 3.8%, which reports its own results next week. Coupa Software Inc. sank 8.4% in its fourth straight drop, a period over which it has shed more than 20% of its valuation. Twilio Inc. was down 4.5%. Alteryx Inc. was down 7.2% and Crowdstrike Holdings Inc. dropped 7.3%, heading for the eighth decline in the past nine sessions.A basket of high-multiple software stocks tracked by Goldman Sachs fell 5.7% in its fifth straight decline, hitting its lowest since March, while the Russell Midcap Technology Growth Index was down 2.2%.“When investors have lost conviction, it usually means the best strategy is to stay conservative until the coast is at least somewhat clear,” wrote Richard Davis, an analyst at Canaccord Genuity. “We are in that time in the cycle.”Davis has a buy rating on Atlassian, writing that it “fits the description of a safe harbor company.” However, he said the stock has a “high-ish valuation” and suggested that multiples could be hard to justify. “In this macro environment,” he wrote, “if anyone expected an over-sized guide up, they haven’t been paying attention.”Recent weakness in the sector included both Workday Inc. and Zoom Video Communications Inc. tumbling in the wake of their respective investor events, which underlined growth concerns.Atlassian’s results included a raised full-year revenue forecast, and Cowen wrote that this could ease broader concerns over the sector.This “was one of the more anticipated prints in software as a result of emerging macro concerns in the space and it being one of the first to report,” analyst J. Derrick Wood wrote. The “solid numbers & outlook, along with constructive commentary on stable demand conditions, should give investors greater comfort in the potential for stability in software spending.”To contact the reporter on this story: Ryan Vlastelica in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Catherine Larkin at email@example.com, Jim SilverFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
LONDON, Oct. 16, 2019 /PRNewswire/ -- As the Brexit deadline approaches, a new survey commissioned by Coupa Software (COUP), a leader in Business Spend Management (BSM), revealed that, while the majority (96 per cent) of UK senior finance decision makers in large companies have been preparing for Brexit for the past year, the work to become post-Brexit ready is still an uphill battle. Respondents cited supplier relationships and spend visibility as top focus areas.
Although the masses and most of the financial media blame hedge funds for their exorbitant fee structure and disappointing performance, these investors have proved to have great stock picking abilities over the years (that's why their assets under management continue to swell). We believe hedge fund sentiment should serve as a crucial tool of an […]
Stocks started off the session with a bang, ripping higher on hopes of a partial trade deal with China. Cannabis stocks weren't among those rallying, though, as the industry was hammered on Thursday. Let's look at a few top stock trades. Top Stock Trades for Tomorrow No. 1: Freeport-McMoRan (FCX)Shares of Freeport-McMoRan (NYSE:FCX) caught a decent rebound Thursday as UBS analysts said the stock is oversold and slapped a buy rating on the name.InvestorPlace - Stock Market News, Stock Advice & Trading TipsDespite the report, the charts do not look all that healthy for FCX. For starters, it made new 52-week lows on Wednesday. Second, it's below all of its major moving averages and retracement levels.Even on Thursday, the stock's rally is being cut down by the declining 20-day moving average. At this stage, FCX is the very definition of a "prove-it" stock. Let's see how it does with the 50-day moving average at $9.58 and the 78.6% retracement at $9.77. * 10 Super Boring Stocks to Buy With Super Safe Returns Assuming these levels reject FCX, bulls will want to see the stock put in a higher low, potentially signaling that shares have bottomed. Top Stock Trades for Tomorrow No. 2: Coupa Software (COUP)Coupa Software (NASDAQ:COUP) has been demonstrating some relative strength over the past few weeks. For that very reason, it was a red-to-green trade candidate for me on Thursday morning.We pulled the trigger -- tweeted here -- as the stock has now gone on to post strong gains on the day. It's over that troubling range resistance between $148 and $150, as bulls look to see if it's got enough juice in the tank to take out its highs at $156.16.Above that mark could fuel a further rally. On a pullback, let's see if $148 to $150 acts as support. Below it puts the 50-day moving average in play. Top Stock Trades for Tomorrow No. 3: Hexo (HEXO)There will be a lot of cannabis investors shaking their heads at Hexo (NASDAQ:HEXO) today.The company slashed its fourth-quarter revenue estimates and yanked its outlook for up to $400 million in full-year sales. It sparked a wave of selling throughout the industry, with many names down double-digit percentages and/or hitting new 52-week lows.Hexo stock is no exception, down 23% and hitting new lows as we speak. The announcement also comes about a week after the company's CFO resigned.This one is a no-touch from me, particularly below its December low of $3.02. Above that mark could spark a rebound back up to its prior channel (blue lines), but even then, prior channel support may very well act as resistance. Top Stock Trades for Tomorrow No. 4: Cronos Group (CRON)Down about 6.5%, Cronos Group (NASDAQ:CRON) is not getting hit as hard as many of its peers. The move in cannabis stocks comes just a day after we looked at Canopy Growth (NYSE:CGC), warning investors of the precarious setup.Like CGC, Cronos has been making a series of lower lows and lower highs, a bearish technical development. However, it still has a significant level of support at ~$7.50, as well as channel support near current prices.Below $7.50 and the October 2018 low of $6.50 is on the table. If support holds and shares bounce, look for a test of the 20-day moving average. Top Stock Trades for Tomorrow No. 5: Aphria (APHA)Aphria (NYSE:APHA) stock is down over 13% on the day, erasing all of its enormous post-earnings rally from August (and more).Below $5 should have bulls cautious and below $4.55 should have them worried. Below the latter and the December low of $3.75 is on the table. For it to look better on the long side, APHA needs to reclaim $5 and the 20-day moving average.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Super Boring Stocks to Buy With Super Safe Returns * 10 Winning Stocks to Buy and Stick With for the Long Haul * Don't Give Up on These 4 Cannabis Stocks The post 5 Top Stock Trades for Friday: FCX, COUP, Cannabis appeared first on InvestorPlace.
Amid expectations that a new a business-to-business payment product will be a critical long-term hit, Coupa Software's relative strength is holding up as many software stocks get hammered.
Coupa stock popped on Tuesday, but then retreated amid a broad sell off in technology companies as one analyst raised his revenue and billings estimates for fiscal 2020.
While Nasdaq is well known for [its stock] exchange, the company is in the middle of a strategic pivot, growing its nontransaction revenue to over 70% of overall revenue. Nasdaq is the only major exchange in the U.S. providing comprehensive technology solutions, including trading capabilities, to capital-markets players like exchanges and clearinghouses, as well as pari-mutuel betting solutions to non-capital-market players like horse racing operators and the Football Index. Nasdaq has many proprietary assets that have very high barriers to entry and can ride on a secular growth trend.
COUPA SOFTWARE (COUP) has been upgraded to a Zacks Rank 1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Even the best software stocks can get beat up as bearish investors pounce on stock market volatility. High-revenue-growth companies specializing in software-as-a-service may outperform.
"We've been on a number of missions over the last 10 years, but what has been consistent are our core values," says Rob Bernshteyn, Coupa CEO.