Couchbase Sees Q3 Revenue $42.7M-$43.3M Vs $43.63M Est.; FY24 Revenue $171.7M-$174.7M Vs $173.39M Est.
Portfolio Pulse from Happy Mohamed
Couchbase has provided its financial outlook for Q3 and FY2024. The company expects Q3 revenue to be between $42.7M-$43.3M, lower than the estimated $43.63M. For FY2024, the revenue is projected to be between $171.7M-$174.7M, which is in line with the estimated $173.39M. The company is unable to provide GAAP targets for operating loss due to the difficulty of estimating certain items.
September 06, 2023 | 8:15 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Couchbase's projected Q3 revenue is lower than estimated, which could negatively impact investor sentiment. However, the FY2024 revenue projection is in line with estimates, which may stabilize the stock.
Lower than expected revenue forecasts often lead to negative investor sentiment, potentially causing a drop in the stock price. However, the FY2024 revenue projection being in line with estimates may provide some stability.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100