Analysts Expect Couchbase, Inc. (NASDAQ:BASE) Will Announce Quarterly Sales of $32.60 Million

Brokerages expect that Couchbase, Inc. (NASDAQ:BASEGet Rating) will announce sales of $32.60 million for the current quarter, according to Zacks. Four analysts have made estimates for Couchbase’s earnings. The lowest sales estimate is $32.60 million and the highest is $32.61 million. The company is scheduled to report its next quarterly earnings report after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Couchbase will report full-year sales of $146.70 million for the current financial year, with estimates ranging from $145.80 million to $147.00 million. For the next year, analysts forecast that the business will report sales of $179.38 million, with estimates ranging from $175.70 million to $181.30 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Couchbase.

Couchbase (NASDAQ:BASEGet Rating) last announced its earnings results on Wednesday, March 9th. The company reported ($0.30) EPS for the quarter, topping the consensus estimate of ($0.32) by $0.02. The firm had revenue of $35.06 million during the quarter, compared to analyst estimates of $34.00 million. The company’s revenue for the quarter was up 19.2% compared to the same quarter last year.

BASE has been the topic of a number of recent analyst reports. William Blair reissued an “outperform” rating on shares of Couchbase in a research report on Thursday, March 10th. Zacks Investment Research raised Couchbase from a “sell” rating to a “hold” rating in a report on Tuesday, May 10th. Stifel Nicolaus cut their price objective on Couchbase from $41.00 to $25.00 and set a “buy” rating for the company in a report on Thursday, March 10th. The Goldman Sachs Group cut their price objective on Couchbase from $37.00 to $28.00 and set a “neutral” rating for the company in a report on Thursday, April 14th. Finally, Barclays cut their price objective on Couchbase from $26.00 to $19.00 and set an “overweight” rating for the company in a report on Friday, May 20th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $27.75.

NASDAQ BASE opened at $14.13 on Friday. The company has a 50 day simple moving average of $16.14 and a 200-day simple moving average of $21.53. Couchbase has a 52-week low of $11.68 and a 52-week high of $52.26.

A number of large investors have recently added to or reduced their stakes in BASE. SG Americas Securities LLC bought a new stake in Couchbase in the 3rd quarter valued at $123,000. Deutsche Bank AG acquired a new stake in shares of Couchbase during the 3rd quarter worth $188,000. BlackRock Inc. acquired a new stake in shares of Couchbase during the 3rd quarter worth $18,290,000. Citigroup Inc. acquired a new stake in shares of Couchbase during the 3rd quarter worth $49,000. Finally, Geode Capital Management LLC acquired a new stake in shares of Couchbase during the 3rd quarter worth $5,055,000. 62.93% of the stock is owned by hedge funds and other institutional investors.

About Couchbase (Get Rating)

Couchbase, Inc provides a database for enterprise applications worldwide. Its database works in multiple configurations, ranging from cloud to multi- or hybrid-cloud to on-premise environments to the edge. The company offers Couchbase Server, a multi-service NoSQL database, which provides SQL-compatible query language and SQL++, that allows for a various array of data manipulation functions; and Couchbase Capella, an automated and secure Database-as-a-Service that helps in database management by deploying, managing, and operating Couchbase Server across cloud environments.

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Earnings History and Estimates for Couchbase (NASDAQ:BASE)

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