Why Couchbase Stock Is Climbing Today
Couchbase (NASDAQ: BASE) stock is seeing significant gains in Wednesday's trading despite opening the day's trading with sell-offs. The company's share price was up 3.3% as of 3:30 p.m. ET on the heels of the company's recent earnings report. On the other hand, the stock had been down as much as 7.3% early in the session.
After market close yesterday, Couchbase published results for the first quarter of its current fiscal year, which ended April 30. The software specialist reported sales and earnings that topped the market's expectations, but the market initially bristled at management's forward guidance before reversing and turning bullish on the stock.
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Source Fool.com
