Sat, December 7, 2024
Fri, December 6, 2024
[ Fri, Dec 06th 2024 ]: Forbes
3 Long-Term Stocks To Buy In 2025
[ Fri, Dec 06th 2024 ]: Zawya
XTB harnesses its bet on AI-Tech
Thu, December 5, 2024
[ Thu, Dec 05th 2024 ]: MSN
The Shake-Up at Intel
[ Thu, Dec 05th 2024 ]: MSN
VOO ETF Update, 12/5/2024
Wed, December 4, 2024
[ Wed, Dec 04th 2024 ]: Thomas Matters
KGI: 2025 Market Outlook
Tue, December 3, 2024
Mon, December 2, 2024

Why Couchbase Stock Is Crashing Today


  Copy link into your clipboard //stocks-investing.news-articles.net/content/2024/12/04/why-couchbase-stock-is-crashing-today.html
  Print publication without navigation Published in Stocks and Investing on by Thomas Matters

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 ]

Publication Contributing Sources