New User:

-or-
Username:
Password:
Forgot your password?

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
Sign up for a free trial to see the rest of the stories you've been missing.
July 2, 2015
16:26 EDTSPLKSplunk initiated with an Equal-Weight at First Analysis
Subscribe for More Information
July 1, 2015
10:00 EDTSPLKOn The Fly: Analyst Initiation Summary
Subscribe for More Information
June 30, 2015
17:06 EDTSPLKSplunk initiated with an Outperform at Raymond James
Target $80.
June 24, 2015
11:16 EDTQLIKOptions with increasing implied volatility
Options with increasing implied volatility: WMB AMZN CMG BIIB VMW QLIK ISRG FB UA FFIV

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use