Hashicorp Stock Intrinsic Value – HASHICORP Announces Second Quarter Earnings Results for FY2024 Ending July 31, 2023
September 7, 2023
🌥️Earnings Overview
For the second quarter of FY2024 ending July 31, 2023, HASHICORP ($NASDAQ:HCP) reported total revenue of USD 143.2 million, a 25.8% year-on-year growth. Net income also saw an improvement compared to the same quarter of the prior year, coming in at USD -66.3 million compared to -74.8 million.
Stock Price
HASHICORP, a global leader in digital security and infrastructure management, announced its second quarter earning results for the fiscal year 2024 ending July 31, 2023, on Thursday. According to the report, HASHICORP stock opened at $29.4 and closed at $29.2, up by 0.1% from the previous closing price of 29.1. This marks the second consecutive quarter of increased stock prices for the company as investors are taking notice of HASHICORP’s innovative products and services. The results demonstrate HASHICORP’s continued commitment to providing secure business solutions and staying ahead of the ever-evolving digital security landscape. With cutting-edge product offerings that include cloud security, identity management, and secure access services, HASHICORP is well-positioned to capitalize on the growing demand for cyber security tools and services. The company is also investing heavily in research and development to ensure that their products remain reliable and up to date with the latest security technologies.
The rise in HASHICORP’s stock prices is also reflective of their financial performance in the second quarter. The results show growth in revenue, profit margins, and market share, all of which point to a bright future for the company. These results not only show that HASHICORP is providing clients with secure and reliable solutions but also that their investments in product innovation are paying off. With their continued focus on providing the highest level of digital security and infrastructure management solutions, HASHICORP is likely to remain a leader in the field for many years to come. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Hashicorp. HASHICORP_Announces_Second_Quarter_Earnings_Results_for_FY2024_Ending_July_31_2023″>More…
| Total Revenues | Net Income | Net Margin |
| 542.36 | -240.89 | -44.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Hashicorp. HASHICORP_Announces_Second_Quarter_Earnings_Results_for_FY2024_Ending_July_31_2023″>More…
| Operations | Investing | Financing |
| -43.39 | -443.16 | 22.94 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Hashicorp. HASHICORP_Announces_Second_Quarter_Earnings_Results_for_FY2024_Ending_July_31_2023″>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.59k | 405.69 | 6.18 |
Key Ratios Snapshot
Some of the financial key ratios for Hashicorp are shown below. HASHICORP_Announces_Second_Quarter_Earnings_Results_for_FY2024_Ending_July_31_2023″>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 48.0% | – | -53.6% |
| FCF Margin | ROE | ROA |
| -10.1% | -15.3% | -11.4% |
Analysis – Hashicorp Stock Intrinsic Value
At GoodWhale, we recently conducted an analysis of HASHICORP‘s wellbeing. After thorough research and analysis, our proprietary Valuation Line determined the intrinsic value of HASHICORP share to be around $43.5. However, the stock is currently trading at $29.2, which means it is undervalued by a margin of 32.9%. This presents a great opportunity for investors to take advantage of the undervaluation ahead of HASHICORP’s next earnings period. More…
Peers
HashiCorp is a cloud infrastructure software company based in San Francisco. The company was founded in 2012 by Mitchell Hashimoto and Armon Dadgar. HashiCorp develops a suite of tools for enterprises that enable them to provision, secure, and run their applications in the cloud. The company’s tools are used by some of the world’s largest organizations, including eBay, LinkedIn, and Square.
HashiCorp’s main competitors in the cloud infrastructure software market are Radware Ltd, Sovereign Cloud Holdings Ltd, and Kingsoft Cloud Holdings Ltd.
– Radware Ltd ($NASDAQ:RDWR)
Radware Ltd. is a global leader in providing cybersecurity and application delivery solutions. It offers a comprehensive and award-winning portfolio of products and services to help organizations ensure the security, performance, and availability of their applications and networks. Radware has been recognized by industry analysts and others for its innovation, leadership, and vision.
– Sovereign Cloud Holdings Ltd ($ASX:SOV)
Sovereign Cloud Holdings Ltd is a cloud-based software company that provides enterprise software solutions. The company has a market cap of 29.7M and a ROE of -23.6%. Sovereign Cloud Holdings Ltd’s products and services are used by businesses of all sizes, from small businesses to large enterprises. The company’s products are used in a variety of industries, including healthcare, banking, retail, and manufacturing.
– Kingsoft Cloud Holdings Ltd ($NASDAQ:KC)
Kingson Cloud Holdings Ltd is a Chinese holding company that provides cloud computing services. It has a market capitalization of 544.63 million as of 2022 and a return on equity of -14.02%. The company offers a range of services including storage, networking, and computing. It has a strong presence in the Chinese market and is expanding its operations globally.
Summary
HASHICORP reported their second quarter earnings for FY2024 with total revenue of USD 143.2 million, a 25.8% year-on-year increase. Net income improved from the -74.8 million reported in the same quarter of the previous year to now be at -66.3 million. For investors interested in HASHICORP, this could be seen as a positive indication for the company, demonstrating increased revenue and a narrowing of losses. It will be interesting to see if the upward trend continues into the future.
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