Couchbase climbs after Q4 revenue beat, smaller-than-expected loss

Couchbase

06/03/2024 10:42

** Shares of cloud database platform Couchbase  BASE.O 
climb 9.3% to $29.40 premarket
    ** Company reports Q4 revenue of $50.1 mln vs LSEG est. of
$46.7 mln; posts adj. net loss of 6 cents/share vs est. of 14
cents/share loss
    ** BASE expects FY25 revenue of $203 mln-$207 mln, with
midpoint slightly above est. of $204.80 mln
    ** Out of 12 brokerages tracking BASE, 8 rate "buy" and
higher, 4 "hold"; at least 4 analysts raise PT post results;
median PT at $33 - LSEG data
    ** "Q4 results were good enough to keep optimism elevated
with strong customer adds, slightly better beat levels and
conservative guidance that was in line with consensus but
suggests room for future upside"- Barclays
    ** As of last close, shares were up 19.4% YTD vs tech-heavy
Nasdaq's  .IXIC  6.2% gain

 (Reporting by Ankika Biswas in Bengaluru)