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February 5, 2014
10:09 EDTQLIK, SPLK, DATAQlik Technologies advances after peer's profit beats expectations
Shares of Qlik Technologies (QLIK), which provides data analysis and search tools, are climbing after another company in the sector, Tableau (DATA), last night reported much higher than expected fourth quarter earnings per share. However, Deutsche Bank is cautious about Qlik's outlook. WHAT'S NEW: Tableau reported fourth quarter EPS of 20c, compared with analysts' consensus estimate of 0c. The company's revenue jumped 95% last quarter versus the same period a year earlier, reaching $81.5 million. ANALYST REACTION: In a note to investors earlier today, Deutsche Bank analyst Karl Keirstead wrote that Tableau reported "outstanding" results, with significantly higher than expected revenue. However, Keristead added a cautionary note about Qlik, as he wrote that "it's hard not to conclude" that Tableau is taking market share and momentum from Qlik. The analyst remains upbeat on the "easy-to-use" data analytics segment and raised his price target on Tableau to $100 from $85 while keeping a Buy rating on the stock. However, he kept a Hold rating on Qlik. PRICE ACTION: In early trading, Qlik rose 1.3% to $26.70, while Tableau jumped 15.7% to $91.90. A third company in the sector, Splunk (SPLK), lost 0.9% to $75.50.
News For QLIK;DATA;SPLK From The Last 14 Days
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December 1, 2015
08:04 EDTQLIKQlik Technologies announces partnership with Veeva
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November 30, 2015
07:31 EDTDATACredit Suisse to hold a conference
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November 20, 2015
08:40 EDTSPLKSplunk price target raised to $80 from $70 at Drexel Hamilton
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06:06 EDTSPLKSplunk price target lowered to $83 from $90 at Jefferies
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November 19, 2015
16:16 EDTSPLKSplunk CEO Godfrey Sullivan announces retirement
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16:13 EDTSPLKSplunk sees FY17 revenue approximately $850M, consensus $832.32M
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16:12 EDTSPLKSplunk raises FY16 revneue view to ~$650M from $628M-$632M, consensus $632.62M
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16:11 EDTSPLKSplunk sees Q4 revenue $200M-$202M, consensus $198.27M
16:09 EDTSPLKSplunk reports Q3 EPS 5c, consensus 1c
Reports Q3 revenue $174.4M, consensus $160.26M.
15:21 EDTSPLKNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Intuit (INTU), consensus (4c)... Ross Stores (ROST), consensus (50c)... Workday (WDAY), consensus (4c)... Autodesk (ADSK), consensus 8c... Gap (GPS), consensus 63c... Splunk (SPLK), consensus 1c... Williams-Sonoma (WSM), consensus 72c... Mentor Graphics (MENT), consensus 29c.
15:18 EDTSPLKSplunk November 62 straddle priced for 9.2% movement into Q3.
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November 18, 2015
07:23 EDTSPLKSplunk checks suggest Q3 outperformance, says Stephens
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November 17, 2015
08:10 EDTSPLKSplunk volatility elevated into Q3 and outlook
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07:56 EDTDATAUBS to hold a conference
Global Technology Conference is being held in San Francisco on November 16-18 with webcasted company presentations to begin on November 17 at 10:45 am.; not all company presentations may be webcasted. Webcast Link
07:33 EDTSPLKSplunk results should modestly beat expectations, says RBC Capital
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