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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
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October 13, 2014
09:23 EDTDATA, SPLKHP could buy lower valuation company, says Bernstein
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06:04 EDTSPLKSplunk upgraded to Outperform from Market Perform at William Blair
William Blair upgraded Splunk to Outperform citing better earnings visibility and more reasonable valuation levels.
October 12, 2014
17:20 EDTSPLKGE, Splunk, Cisco, others could benefit from Internet of Things, Barron's says
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October 10, 2014
07:23 EDTSPLKSplunk price target raised to $65 from $56 at Deutsche Bank
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October 9, 2014
08:02 EDTQLIKQlik Technologies announces partnership with Fujitsu
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October 8, 2014
07:17 EDTSPLKSplunk price target raised to $64 from $55 at UBS
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October 7, 2014
08:08 EDTSPLKSplunk, AWS to integrate Hunk on Amazon Elastic MapReduce
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