Couchbase, Inc. (NASDAQ:BASE) Expected to Post Quarterly Sales of $32.60 Million

Equities analysts expect Couchbase, Inc. (NASDAQ:BASEGet Rating) to post sales of $32.60 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Couchbase’s earnings, with estimates ranging from $32.60 million to $32.61 million. The company is scheduled to report its next quarterly earnings report after the market closes on Monday, January 1st.

On average, 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 financial year, analysts expect that the business will post sales of $179.38 million, with estimates ranging from $175.70 million to $181.30 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Couchbase.

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

Several equities research analysts have issued reports on BASE shares. Royal Bank of Canada dropped their price target on Couchbase from $29.00 to $27.00 and set an “outperform” rating for the company in a research note on Thursday, March 10th. Zacks Investment Research upgraded Couchbase from a “sell” rating to a “hold” rating in a report on Tuesday, May 10th. The Goldman Sachs Group reduced their price target on Couchbase from $37.00 to $28.00 and set a “neutral” rating on the stock in a report on Thursday, April 14th. Barclays reduced their price target on Couchbase from $26.00 to $19.00 and set an “overweight” rating on the stock in a report on Friday, May 20th. Finally, William Blair restated an “outperform” rating on shares of Couchbase in a report on Thursday, March 10th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Couchbase currently has a consensus rating of “Buy” and a consensus target price of $27.75.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Manhattan Co. purchased a new stake in shares of Couchbase in the 3rd quarter worth $31,000. Penserra Capital Management LLC purchased a new stake in shares of Couchbase in the 3rd quarter worth $38,000. Citigroup Inc. purchased a new stake in shares of Couchbase in the 3rd quarter worth $49,000. Metropolitan Life Insurance Co NY purchased a new stake in shares of Couchbase in the 1st quarter worth $30,000. Finally, Ameritas Investment Partners Inc. increased its stake in Couchbase by 145.6% in the 1st quarter. Ameritas Investment Partners Inc. now owns 1,822 shares of the company’s stock worth $32,000 after buying an additional 1,080 shares in the last quarter. 62.93% of the stock is currently owned by hedge funds and other institutional investors.

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

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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