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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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April 15, 2014
10:00 EDTQLIKOn The Fly: Analyst Upgrade Summary
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05:41 EDTQLIKQlik Technologies upgraded to Buy from Neutral at Mizuho
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April 11, 2014
10:56 EDTDATAOptions with increasing implied volatility: CYTK VJET DATA GRPN CTRP
April 8, 2014
12:53 EDTSPLKSplunk volatility increases as shares trend to four-month low
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11:22 EDTSPLKOptions with increasing implied volatility: CYTK NSR NOW ETFC SPLK
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10:28 EDTSPLKHigh option volume stocks: GIMO SOCL SPLK NOK CSOD
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April 7, 2014
10:10 EDTSPLKAnalyst sees 'golden' opportunity after software stocks decline
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08:49 EDTSPLKFBR sees 'golden buying opportunity' in enterprise software
FBR Capital says a "'golden buying opportunity" exists in the enterprise software space following the recent sell-off of high-growth names. The firm believes overall software results in Q1 tracked in line to slightly ahead of expectations. It recommends buying Splunk (SPLK), Salesforce.com (CRM), Workday (WDAY), FireEye (FEYE), NetSuite (N) and Palo Alto (PANW) on the recent pullbacks.
April 3, 2014
10:00 EDTSPLKOn The Fly: Analyst Upgrade Summary
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08:59 EDTSPLK, SPLKSplunk upgraded to Outperform from Underperform at CLSA
CLSA upgraded Splunk due to valuation. Price target is $80.

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