Coupa Software is one of Bert’s hypergrowth stocks and I am surprised there has been no investigation of it yet.
http://stockcharts.com/freecharts/candleglance.html?BERTSHYP…
http://stockcharts.com/freecharts/candleglance.html?BERTSHYP…
I am a little long and from a technical point of view, today was very encouraging. We had a nice move up on strong volume, showing institutional interest. It beat on earnings today…
Coupa Software (COUP) late Monday reported an adjusted fiscal fourth-quarter profit of 2 cents, topping views, and forecast a smaller-than-expected loss for full-year fiscal 2019, sending shares up.
Coupa said revenue jumped 41% for the quarter to $53.8 million, beating consensus estimates. A year earlier, Coupa reported a loss of 5 cents a share on sales of $38 million.
Analysts expected Coupa to report a loss of 15 cents a share on sales of $49 million for the period ended Jan. 31.
In the April quarter, Coupa forecast a loss of 12 cents per share, in line with estimates, with revenue of about $51 million, above expectations of $49 million.
For fiscal 2019, Coupa said it expects a loss in a range of 23 cents to 28 cents vs. consensus estimates of a 29-cent loss. Coupa forecast revenue of $227 million to $230 million, just above estimates of $227 million.
Shares in the enterprise software provider gained 2.6% to 50.45 in after-hours trading on the stock market today. Coupa’s cloud-based management platform helps companies control spending.
From a technial point of view the pivot is $50.79, and it looks like it got close after hours.
http://stockcharts.com/freecharts/gallery.html?coup
I will add more Tuesday, but the IBD ratings are not strong yet…
Composite Rating 94 Neutral
EPS Rating 62 Fail
RS Rating 96 Pass
Group RS Rating A+ Pass
SMR Rating D Fail
Acc/Dis Rating A- Pass