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Stock Market & Financial Investment News

News Breaks
February 5, 2014
10:09 EDTSPLK, DATA, QLIKQlik 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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May 28, 2015
18:44 EDTSPLKOn The Fly: After Hours Movers
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16:05 EDTSPLKSplunk falls on earnings, levels to watch
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16:04 EDTSPLKSplunk raises FY16 revenue view to $610M-$614M from $600M
Consensus $603.53M. FY16 non-GAAP operating margin is expected to be between 2%-3%.
16:03 EDTSPLKSplunk sees Q2 revenue $138M-$140M, consensus $136.38M
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16:03 EDTSPLKSplunk reports Q1 EPS (1c), consensus (3c)
Reports Q1 revenue $125.7M, consensus $118.21M. Godfrey Sullivan, Chairman and CEO, said “Q1 was a strong quarter and we appreciate and thank our 9,500 customers, which now include 80 of the Fortune 100. We welcomed a record number of new customers to Splunk Cloud driven by the compelling value delivered by our solutions across on-premises, cloud and hybrid environments.” The company noted it signed more than 450 new enterprise customers, ending the quarter with over 9,500 customers worldwide.
15:25 EDTSPLKNotable companies reporting after market close
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15:20 EDTSPLKSplunk May 71 weekly straddle priced for 7.4% movement
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13:24 EDTSPLKSplunk volatility increases into Q1 and outlook
Splunk May weekly call option implied volatility is at 155, June is at 51, August is at 41; compered to its 52-week average of 41, suggesting large near term price movement into the expected release of Q1 results today after the market close.
11:17 EDTQLIKBofA/Merrill software analyst holds an analyst/industry conference call
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May 27, 2015
08:51 EDTSPLKSplunk volatility elevated into Q1 and outlook
Splunk May weekly call option implied volatility is at 103, June is at 51, July is at 44, August is at 40; compered to its 52-week average of 41, suggesting large near term price movement into the expected release of Q1 results on May 28
May 21, 2015
07:04 EDTSPLKSplunk volatility elevated into Q1 and outlook
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May 20, 2015
17:36 EDTDATATwitter announces full launch of objective-based ad service
In a company blog post, Twitter (TWTR) stated, "Last year, we launched a... way for advertisers to create and optimize their ad campaigns, and only pay for the actions that are aligned with their marketing objectives. After seeing strong results in beta, we’re excited to offer objective-based campaigns, reports and pricing to all advertisers globally, starting today." Based on the beta test of the service, Twitter claims that eBay (EBAY) was able to drive a 59% quarter-over-quarter decrease in average paid cost per link click, while Tableau (DATA) reduced its cost per link click by over 40% quarter-over-quarter. Twitter went on to say, "When creating a new campaign, you can select from one of six objectives -- and our customized workflow will help you choose the best ad format. For example, if you want to drive traffic to your brand’s website, you can select a website clicks or conversions campaign... You’ll only be charged when a user clicks on a link to your website -- all other engagements, like a favorite or a retweet, are free. You’ll never pay for actions that aren’t relevant to your goal." Reference Link
10:00 EDTSPLKOn The Fly: Analyst Upgrade Summary
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08:16 EDTSPLKSplunk Q1 revenue likely to beat expectations, says Oppenheimer
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07:09 EDTSPLKSplunk upgraded to Outperform from Neutral at Macquarie
Macquarie upgraded Splunk to Outperform with a $87 price target based on efforts to expand new customer adoption and the application layer. The firm said Splunk has provided increased flexibility in the product evaluation phase, which should improve new customer adoption, and extended efforts to build full solutions in the application layer. Macquarie also believes Splunk could emerge as a winner in Big Data analytics, resulting in new customer wins.
May 19, 2015
09:23 EDTQLIKStoltenberg Consulting announces partnership with Qlik Technologies
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May 18, 2015
12:00 EDTSPLKSplunk selloff following CTO change unwarranted, says Cantor
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08:24 EDTDATATableau price target raised to $135 from $120 at BofA/Merrill
BofA/Merrill believes Tableau will be a long-term secular winner in the Business Intelligence market and has increased confidence in ability to generate 30% long-term growth. The firm rates shares a Buy and increased its price target to $135 from $120.
08:07 EDTSPLKSplunk appoints Snehal Antani as Chief Technology Officer
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