Couchbase Stock Falls 22% on Revenue Outlook. CEO Is Still Confident.

Couchbase stock slumped after the software company forecast less revenue than expected for the current quarter. Shares of the cloud database platform were down 22% at $16.43 on Wednesday, on pace for the largest daily loss since June 7, 2023, when they fell 28%, according to Dow Jones Market Data. Couchbase reported a quarterly loss of 5 cents per share, while the consensus call among analysts tracked by FactSet was for a loss of 8 cents.