Although the revenue and EPS for Couchbase (BASE) give a sense of how its business performed in the quarter ended October 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Couchbase, Inc. (BASE) came out with a quarterly loss of $0.05 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to loss of $0.08 per share a year ago.
As of Nov. 13, 2024, four stocks in the information technology sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
I'm initiating Couchbase at a Buy rating as the stock's ~20% YTD fall has dropped the company's market cap below $1 billion. The stock is also trading at ~3x forward revenue, well below of its direct competitor MongoDB (which is trading at more than 9x revenue). The company's new fully managed solution, Couchbase Capella, is helping to drive new customers to the platform.
Couchbase beat sales and earnings expectations in its fiscal second quarter. It also issued an upward revision for its full-year sales guidance range.
I maintain a hold rating for Couchbase Inc. (BASE) due to concerns about achieving its FY25 ARR growth target amidst a challenging macro environment. 2Q25 results showed decelerating growth with revenue up 19.6%, down from 25.2% in 1Q25, but solid EBIT margin improvement from -13% to -7.9%. BASE must deliver strong 4Q25 ARR growth to meet FY25 guidance; failure could lead to a sharp share price decline, making investment risky.
Couchbase, Inc. BASE reported worse-than-expected second-quarter EPS results and announced it is unable to provide GAAP targets for the third quarter and FY25.
Couchbase, Inc. (NASDAQ:BASE ) Q2 2025 Earnings Call Transcript September 4, 2024 4:30 PM ET Company Participants Edward Parker - ICR, Inc. Matt Cain - Chairman, President and Chief Executive Officer Greg Henry - Senior Vice President and Chief Financial Officer Conference Call Participants Matthew Hedberg - RBC Capital Markets Kasthuri Rangan - Goldman Sachs Group, Inc. Brent Bracelin - Piper Sandler & Co. Mike Cikos - Needham & Company LLC Theodor Thun - Morgan Stanley & Co. Ittai Kidron - Oppenheimer & Co. Inc. Jason Ader - William Blair Raimo Lenschow - Barclays Capital Howard Ma - Guggenheim Securities Operator Greetings, and welcome to the Couchbase Second Quarter 2025 Earnings Conference Call. At this time, all participants are in a listen-only mode.
The headline numbers for Couchbase (BASE) give insight into how the company performed in the quarter ended July 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Couchbase, Inc. (BASE) came out with a quarterly loss of $0.06 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to loss of $0.17 per share a year ago.
Piper Sandler analyst Brent A. Bracelin initiated coverage on Couchbase, Inc. BASE with an Overweight rating and a price forecast of $22.
Investment rating downgraded from buy to hold due to concerns about competitive landscape and demand environment. 1Q25 results showed revenue growth, but ARR growth decelerated, and Capella customer additions slowed significantly. Valuation adjusted downwards to $14 in the near term, with a new multiple expectation of 2.3x due to increased competitive pressure and tough macro environment.