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Stock Market & Financial Investment News

News Breaks
February 5, 2014
10:09 EDTQLIK, DATA, SPLKQlik 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
Check below for free stories on QLIK;DATA;SPLK the last two weeks.
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July 21, 2014
10:02 EDTQLIKOn The Fly: Analyst Upgrade Summary
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08:11 EDTQLIKQlik Technologies risk/reward favorable, says Morgan Stanley
Morgan Stanley said Qlik expectations are low and risk/reward is favorable. The firm believes the QlikView Next release will lead to improved product positioning and sales execution and creates opportunities with business users.
08:11 EDTDATATableau risk/reward favorable, says Morgan Stanley
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05:28 EDTQLIKQlik Technologies upgraded to Overweight from Equal Weight at Barclays
Barclays upgraded Qlik Technologies to Overweight citing an attractive valuation and the upcoming release of QV.Next, which the firm believes could drive meaningful upside. It keeps a $31 price target for shares.
July 18, 2014
10:03 EDTSPLK, QLIK, DATAOn The Fly: Analyst Initiation Summary
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July 17, 2014
19:22 EDTDATATableau initiated with an Outperform at BMO Capital
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19:22 EDTQLIKQlik Technologies initiated with a Market Perform at BMO Capital
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19:22 EDTSPLKSplunk initiated with a Market Perform at BMO Capital
Target $51.
July 16, 2014
10:00 EDTQLIKOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: American Airlines (AAL) initiated with an Overweight at Atlantic Equities... Apple (AAPL) initiated with a Buy at Citigroup... Basic Energy (BAS) initiated with a Neutral at RW Baird... Brookdale Senior Living (BKD) initiated with a Buy at Goldman... CA Technologies (CA) initiated with a Market Perform at FBR Capital... Dresser-Rand (DRC) initiated with a Neutral at RW Baird... Fortinet (FTNT) initiated with a Neutral at Goldman... Frank's International (FI) initiated with a Hold at Jefferies... Home Bancorp (HBCP) initiated with an Outperform at Fig Partners... Key Energy (KEG) initiated with an Outperform at RW Baird... McDermott (MDR) initiated with a Neutral at Tigress Financial... ORBCOMM (ORBC) initiated with a Neutral at Macquarie... Oil States (OIS) initiated with an Outperform at RW Baird... PBF Energy (PBF) initiated with an Equal Weight at Barclays... Palo Alto (PANW) assumed with a Conviction Buy at Goldman... Proofpoint (PFPT) initiated with a Buy at Goldman... Qlik Technologies (QLIK) initiated with a Market Perform at FBR Capital... Radius Health (RDUS) initiated with a Buy at Canaccord... Seventy Seven Energy (SSE) initiated with a Hold at Jefferies... Superior Energy (SPN) initiated with an Outperform at RW Baird... Tandem Diabetes (TNDM) initiated with an Outperform at William Blair... Trecora Resources (TREC) initiated with a Buy at B. Riley... Ultragenyx (RARE) initiated with an Outperform at RW Baird... United Natural Foods (UNFI) initiated with an Outperform at Oppenheimer... Viper Energy (VNOM) initiated with a Market Perform at Northland... Whiting Petroleum (WLL) initiated with a Buy at Tigress Financial.
07:55 EDTQLIKQlik Technologies initiated with a Market Perform at FBR Capital
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July 15, 2014
07:23 EDTSPLKFortune to hold a conference
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July 10, 2014
10:46 EDTSPLKSplunk mentioned cautiously at Deutsche Bank
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