JUMP REPORT
| Avg Daily Volume: 1,175,032 Market Cap: 3.66B Sector: Technology Short Interest: 8.58 |
EARNINGS EXPECTATIONS:
THIS QTR: EPS: -.10/share REV: 85.4/M
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LAST QTR: EPS: -.04/share ACTUAL: .03/share (BEAT)
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NEXT QTR: EPS: .06/share REV: 86.9/M
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FULL YR: EPS: .11/share REV: 347.06/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD: 89% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 11.24, -6.05, -13.13
POTENTIAL JUMP MOVE: 10-12%
Links To Latest News and Headlines
The increased demand for security and networking products amid the ongoing hybrid work environment and digitization process is likely to have aided Zscaler’s (ZS) first-quarter performance.
Coupa Software (COUP) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Coupa Software’s (NASDAQ: COUP) stock price surged 29% on Nov. 23 amid rumors of a potential sale to the private equity firm Vista Equity Partners. Vista already acquired the tax software provider Avalara for $8.2 billion in August, as well as the cybersecurity firm KnowBe for $4.6 billion in October. There weren’t any other financial details regarding the rumored deal, but Raymond James analyst Brian Peterson speculated that $68-$80 per share would be a “reasonable” price tag based on Vista’s prior software deals.
Shares of Coupa Software (NASDAQ: COUP) were soaring 38% this week compared to where they closed last Friday, according to data from S&P Global Market Intelligence, as speculation over a potential buyout lifted the stock of the business spending-management software specialist. Private equity firm Vista Equity Partners was reportedly looking to acquire the company, according to Bloomberg, which has seen rising revenue and bookings lately even though the stock has tanked for most of the year. Vista Equity has been an active acquirer of technology stocks and Bloomberg says the shop was in active talks with Coupa, though no deal had been reached and no agreement could come of it.
Credit Suisse analyst Fred Lee reiterated Underperform on Coupa Software Inc (NASDAQ: COUP) with a $60 price target. Vista is in talks to acquire COUP, Bloomberg reported. Vista’s founder and CEO recently (Aug-22) discussed the company valuation approach in this market. He highlighted that the company focuses on EV/R/G, acquiring below the long-term historical average of 0.41. Using current growth rates in the mid to high teens would arrive at a share price in the $45 area. The average EV / LTM
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