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Though Qlik (QLIK -7.7%) claimed macro issues are responsible for its Q3 miss and Q4 guidance,...

Though Qlik (QLIK -7.7%) claimed macro issues are responsible for its Q3 miss and Q4 guidance, FBN's Shelby Seyrafi believes the company is seeing tougher competition from business intelligence software rivals Oracle, SAP,  IBM, and Tableau. Seyrafi notes the number of $100K+ deals signed by Qlik fell by nearly 20% for the second quarter in a row, albeit while granting $250K+ deals rose to 20 from 15. He adds Tableau "has greater focus (and momentum) in the Americas" (QLIK transcript)
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