HashiCorp, Inc. provides multi-cloud infrastructure automation solutions worldwide. The company offers Terraform, an infrastructure provisioning product that applies an Infrastructure-as-Code approach, where processes and configuration required to support applications are codified and automated instead of being manual and ticket-based; and Vault, a secrets management and data protection product, which enables security teams to apply policies based on application and user identity to govern access to credentials and secure sensitive data. It also provides Consul, an application-centric networking automation product that enables practitioners to manage application traffic, security teams to secure and restrict access between applications, and operations teams to automate the underlying network infrastructure; and Nomad, a scheduler and workload orchestrator, which provides practitioners with a self-service interface to manage the application lifecycle. The company was incorporated in 2012 and is headquartered in San Francisco, California.
HashiCorp Stock Up 7.4 %
Shares of NYSE:HCP opened at $43.62 on Friday. HashiCorp has a twelve month low of $25.51 and a twelve month high of $102.95. The business's fifty day moving average price is $33.52.
HashiCorp (NYSE:HCP - Get Rating) last announced its earnings results on Thursday, June 2nd. The company reported ($0.42) earnings per share for the quarter, topping analysts' consensus estimates of ($0.55) by $0.13. The firm had revenue of $100.90 million for the quarter, compared to the consensus estimate of $94.64 million.
Analyst Ratings Changes
Separately, Citigroup lowered their target price on shares of HashiCorp from $46.00 to $40.00 and set a "neutral" rating for the company in a research note on Friday, July 22nd.