- Qlik (QLIK +3.9%) and Tibco (TIBX +1.5%) are trading higher after analytics/data visualization software rival Tableau (DATA +13.5%) soundly beats Q2 estimates, reports strong deal activity, and issues above-consensus Q3/2013 guidance.
- UBS' Brent Thill is raising his Tableau PT to $75 from $65. He notes Tableau's 1.5K new customers top the 1K Qlik reported for Q2, and argues the size of Microsoft's Excel installed base (~1B users) "proves [Tableau] has a long way to go" in its "multi-year journey to disrupt the traditional [business intelligence software] space
- Qlik sold off following its July 25 Q2 report, but subsequently rebounded, and is making new 52-week highs today.