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Stock Market & Financial Investment News

News Breaks
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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November 20, 2014
16:09 EDTSPLKSplunk sees Q4 revenue $135M-$137M, consensus $133.26M
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16:08 EDTSPLKSplunk reports Q3 EPS 2c, consensus 1c
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15:28 EDTSPLKNotable companies reporting after market close
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09:51 EDTSPLKSplunk likely to continue 'big beat, small raise' pattern, says Janney Capital
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November 19, 2014
09:01 EDTSPLKBig data for security could reach $4B-$5B, says FBR Capital
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08:33 EDTSPLKSplunk November volatility elevated into Q3 and outlook
Splunk November call option implied volatility is at 126, December is at 65, January is at 57; compared to it 26-week average of 56 according to Track Data, suggesting large price movement into the expected release of Q3 on November 20.
08:31 EDTQLIKQlik Technologies price target raised to $36 from $32 at JMP Securities
JMP Securities increased its price target on Qlik after attending the company's user conference. The firm notes that the company feels confident it can accelerate its revenue growth next year while also expanding its operating margins. JMP Securities remains upbeat on Qlik's outlook and believes it is executing well. The firm keeps an Outperform rating on the shares.
08:07 EDTQLIKQlik Technologies growth poised to accelerate in 2015, says Pacific Crest
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November 18, 2014
07:45 EDTQLIKQlik Technologies to hold a presentation at conference
At the Qlik World Conference 2014, management holds a webcasted financial analyst presentation on November 18 at 3:15 pm. Webcast Link
November 17, 2014
09:04 EDTDATATableau management to meet with UBS
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07:19 EDTQLIKQlik Technologies to hold a conference
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November 14, 2014
13:38 EDTSPLKSplunk November volatility elevated into Q3 and outlook
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November 11, 2014
10:00 EDTDATA, SPLK, QLIKOn The Fly: Analyst Initiation Summary
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07:22 EDTSPLKSplunk initiated with a Neutral at Macquarie
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07:20 EDTDATATableau initiated with a Neutral at Macquarie
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07:20 EDTQLIKQlik Technologies initiated with an Outperform at Macquarie
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07:13 EDTSPLKSplunk initiated with a Neutral at Macquarie
November 10, 2014
15:44 EDTSPLKAmazon Web Services to hold a conference
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08:06 EDTQLIKQlik Technologies, Intuit partner to deliver accounting analytics solutions
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07:35 EDTSPLKSplunk volatility increases into Q3 and outlook
Splunk November call option implied volatility is at 92, December is at 65, January is at 57; compared to it 26-week average of 56 according to Track Data, suggesting large price movement into the expected release of Q3 on November 20.
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