HCP Stock Recent News
HCP LATEST HEADLINES
Expanded collaboration will see increased investments to develop new customer solutions and go-to-market efforts Expanded collaboration will see increased investments to develop new customer solutions and go-to-market efforts
HashiCorp Cloud Platform (HCP) Terraform is now available for customers in Europe HashiCorp Cloud Platform (HCP) Terraform is now available for customers in Europe
The headline numbers for HashiCorp (HCP) give insight into how the company performed in the quarter ended April 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
HashiCorp, Inc. (HCP) came out with quarterly earnings of $0.05 per share, beating the Zacks Consensus Estimate of a loss of $0.01 per share. This compares to loss of $0.07 per share a year ago.
First quarter revenue totaled $160.6 million , representing an increase of 16% year-over-year. Trailing four quarter average Net Dollar Retention Rate was 113% at the end of the first quarter of fiscal 2025 as compared to 127% at the end of first quarter of fiscal 2024.
HashiCorp (HCP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
SAN FRANCISCO, May 16, 2024 (GLOBE NEWSWIRE) -- HashiCorp, Inc. (NASDAQ: HCP), The Infrastructure Cloud™ company, today announced it will release financial results for its first quarter of 2025 fiscal year, which ended April 30, 2024, after the U.S. markets close Thursday, May 30, 2024.
HashiCorp (HCP) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
The Wall Street Journal reported that HashiCorp is nearing a deal to be acquired by IBM. While the company could fetch a nice premium to yesterday's closing price, any deal will likely still be far below the company's 2021 IPO price.
HashiCorp's FY24 revenue exceeded expectations, leading to 150 bps of growth upside. Management's three-pronged growth strategy focusing on sales productivity, differentiation, and cloud products is promising. Despite a slowdown in FY25 revenue guidance, a buy rating is recommended due to the potential for growth acceleration and upside in valuation.