Coupa Software
Shares of cloud-based business spending management vendor Coupa Software Inc. (NASDAQ: COUP) have dropped by nearly 61% over the past 12 months. That decline includes a gain of more than 45% since early November, when the shares posted a new 52-week low. A potential acquisition of Coupa by private equity firm Vista was reported about two weeks ago, sending shares up more than 30% in a heartbeat. Now, investors are waiting to see if a deal gets done.
Of 31 brokerages covering the company, 13 have a Buy or Strong Buy rating and another 13 have Hold ratings. At a recent share price of around $63.70, the upside potential based on a median price target of $70.00 is 9.9%. At the high price target of $108.00, the upside potential is 69.5%.
Third-quarter revenue is forecast at $213.31 million, which would be up 3.9% sequentially but down 14.8% year over year. Adjusted EPS are forecast at $0.10, down 49.1% sequentially and 67.7% lower year over year. For the full 2023 fiscal year ending in January, Coupa is expected to post EPS of $0.43, down 48.8%, on sales of $841.78 million, up 16.1%.
Coupa trades at 149.8 times expected 2023 EPS, 97.0 times estimated 2024 earnings of $0.66 and 62.6 times estimated 2025 earnings of $1.02 per share. The stock’s 52-week trading range is $40.30 to $176.63. Coupa does not pay a dividend. Total shareholder return for the past year is negative 60.9%.
Fluence Energy
Energy storage maker Fluence Energy Inc. (NASDAQ: FLNC) has seen its share price decline by about 51% over the past 12 months. The good news is that since posting a 52-week low in mid-May, the share price has risen by nearly 58%. A big part of that, of course, was the result of the Inflation Reduction Act’s support for clean energy.
Fluence, a joint venture between Siemens and AES, makes long-duration energy storage (LDES) products, a market that has received some $58 billion in new orders over the past three years. As of mid-October, the company had installed more than 5 gigawatts of its energy storage products worldwide, including more than 1 gigawatt in California alone. Fluence raised $1 billion in its September 2021 IPO.
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