Stocks & Investing
Stocks and Investing
Stocks and Investing
Thu, December 5, 2024 
[ 03:01 AM ] - Thomas Matters
[ 01:44 AM ] - Motley Fool Australia
Wed, December 4, 2024
[ 11:31 PM ] - Thomas Matters
[ 11:01 PM ] - Thomas Matters
[ 10:31 PM ] - Thomas Matters
[ 10:03 PM ] - Thomas Matters
Why Couchbase Stock Is Crashing Today
- Next-generation database software provider Couchbase ( BASE -22.54%) delivered a solid earnings report after the close of trading Tuesday, but offered somewhat disappointing guidance. In response, traders punished the stock. Shares plunged by as much as 24.2% during Wednesday morning trading, and were still down by 21.6% as of 1:22 p.m. ET.
Couchbase, Inc. (NASDAQ: BASE) experienced a significant drop in its stock price on December 4, 2024, following the release of its third-quarter earnings report. Despite reporting a 20% year-over-year revenue increase to $45.8 million and a narrower-than-expected loss per share of $0.08, the stock plummeted due to disappointing forward guidance. The company forecasted fourth-quarter revenue to be between $43.5 million and $44.5 million, which was below the consensus estimate of $46.5 million. Additionally, Couchbase projected a full-year revenue range of $172 million to $173 million, falling short of the $175 million expected by analysts. This lower-than-expected guidance led investors to sell off shares, causing the stock to crash.
Read the Full The Motley Fool Article at:
[ https://www.fool.com/investing/2024/12/04/why-couchbase-stock-is-crashing-today/?referring_guid=2d8e8c0b-440a-4e40-903d-c1c29e39c9da ]
Read the Full The Motley Fool Article at:
[ https://www.fool.com/investing/2024/12/04/why-couchbase-stock-is-crashing-today/?referring_guid=2d8e8c0b-440a-4e40-903d-c1c29e39c9da ]
