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QLIK

Qlik Technologies Inc.

5/19/2013, 5:05 PM ET

Quote & Headlines Market Currents StockTalk

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| On the move

Friday, May 17, 10:41 AM Tableau's (DATA) IPO is as good as advertised. Shares opened at $47 and are currently at $49.82, up 61% from a raised IPO price of $31. That gives the analytics/data visualization software vendor a valuation of $2.86B, or a whopping 22x 2012 revenue. Rival Qlik (QLIK +4.6%) is up in sympathy - a bullish BMO note might also be helping. (S-1) (Pac Crest) Comment! [Tech, On the Move, Breaking News, Top Stories]
Wednesday, May 15, 6:57 PM Tableau Software (DATA) raises its IPO price range to $28-$30 from a prior $23-$26; take that as one more sign of the Street's love of all things analytics/big data-related. The new price range translates into a valuation range of $1.61B-$1.72B, or 12.6x-13.5x 2012 sales. Rival Qlik (QLIK) has been rallying this month with the help of Tableau-related enthusiasm (though a strong Q1 report might not be hurting either). (S-1) (previous) Comment! [Tech]
Monday, May 6, 10:52 AM More on Tableau/Qlik: 1) Pac Crest recently estimated providers of next-gen analytics tools control ~$800M of a $14B business intelligence software market, and that Qlik (QLIK) and Tableau (DATA) can double their share of it by 2016 (Tableau investors likely want faster growth). The firm points out "only 17% of information workers use data dashboard or BI tools as part of their job," and that the price, ease-of-use and installation cost advantages of next-gen tools are growing the market's reach. 2) Qlik has acquired NComVA, a Swedish developer of visualization tech. NCom's offerings will be integrated with the QlikView platform. Comment! [Tech, M&A]
Monday, May 6, 10:28 AM Tableau Software (DATA) sets an IPO price range of $23-$26. That means the analytics software vendor, which is offering 7.2M shares (5M new shares, 2.2M from insiders), is now looking to raise $166M-$187M, more than the $150M it initially sought. The price range spells a valuation of $1.32B-$1.5B for Tableau, which is competing with Qlik (QLIK), Tibco (TIBX), and several startups in a fast-growing market for tools that can process and intelligently visualize mountains of business data. Tableau had Q1 revenue of $40M (+62% Y/Y), and a net loss of $4M. (S-1) (2012 results) 1 Comment [Tech]
Tuesday, April 30, 2:20 PM Informatica (INFA -3%), Splunk (SPLK -1.9%), and Qlik (QLIK -3%), 3 names hyped as analytics/big data plays, slump in response to Microstrategy's (MSTR -11.1%) big Q1 miss, which includes a 24% Y/Y drop in produce license revenue. As is its custom, the business intelligence software vendor gives no reason for its miss, nor does it provide guidance or an earnings call. It is, however, happy to note its buyback program ($455M remaining) has been extended to April 2018. Microstrategy's numbers are overshadowing solid results from rival Actuate (BIRT +6.2%); the company posted 16% Y/Y Q1 license rev. growth, compared with nearly flat total rev. growth. Comment! [Tech, On the Move, Earnings]
Friday, April 26, 1:03 PM Midday top 10 gainers: LOGM +24%. LAS +17%. CTCT +16%. NR +15%. DQ +15%. WBSN +14%. QLIK +13%. CPGI +13%. SPWR +12%. CSIQ +12%.
Midday top 10 losers: DYAX -32%. HXM -23%. DLA -16%. IKAN -16%. KEG -15%. FALC -14%. COBR -13%. PKI -13%. XIDE -12%. MMSI -12%. Comment! [On the Move]
Friday, April 26, 9:11 AM Premarket gainers: LOGM +19%. AVNR +16%. SYNA +17%. QLIK +12%. CRIS +9%. DHI +7%. THRX +7%. MUX +7%. JCP +7%. CSTR +6%.
Losers: PKI -14%. SIMO -11%. BIDU -9%. KEG -8%. SDT -5%. Comment! [On the Move]
Thursday, April 25, 5:55 PM After-hours top gainers, as of 5:15 p.m.: SYNA +18%. LOGM +15%. QLIK +13%. AMKR +10%. INFA +9%.
After-hours top losers: PKI -14%. ECHO -8%. CDNS -7%. CLGX -7%. MCRS -7%. Comment! [On the Move]
Thursday, April 25, 4:51 PM Tech guidance roundup: 1) Synaptics (SYNA - earnings) expects FQ3 revenue of $190M-$205M, way above a $158.2M consensus. Strong mobile sales +57% Y/Y in FQ2) responsible. 2) Qlik (QLIK - earnings) expects Q2 revenue of $104M-$108M and EPS of -$0.02 to $0.00 vs. a consensus of $104.8M and $0.02. But it also expects 2013 revenue of $471M-$481M and EPs of $0.41-$0.44, mostly above a consensus of $471.9M and $0.40. 3) Altera (ALTR - earnings) expects Q2 revenue to be flat to up 4% Q/Q, below a consensus for 9% growth. SYNA +19.4% AH. QLIK +11.1%. ALTR -1.9%.(Synaptics PR) (Qlik PR) (Altera PR) Comment! [Tech, Earnings, On the Move]
Thursday, April 25, 4:15 PM Qlik Tech (QLIK): Q1 EPS of -$0.09 beats by $0.03. Revenue of $96.5M (+22% Y/Y) beats by $5.24M. Shares +12.8% AH. (PR) Comment! [Earnings, Breaking News, Tech, On the Move]
Thursday, April 25, 12:10 AM Notable earnings after Thursday’s close: AEM, ALTR, AMCC, AMKR, AMZN, BIDU, BJRI, BLDR, BMRN, CALX, CAMP, CB, CBG, CENX, CERN, CINF, CLWR, CRUS, CSTR, CTCT, DECK, DLB, ELY, EMN, EXPE, FII, FR, FSL, GERN, IGT, IM, INAP, INFA, KBR, KEG, KLAC, LEG, MCRS, MXIM, N, NR, NTGR, OLN, PFG, PKI, PMCS, QLIK, RMD, RRC, RSG, SBUX, SIMO, SPN, SWKS, SYNA, TCO, THRX, TLAB, UHS, VPRT, VRSN, WRE, WYNN Comment! [Earnings]
Wednesday, April 24, 5:35 PM Notable earnings after Thursday’s close: AEM, ALTR, AMCC, AMKR, AMZN, BIDU, BJRI, BLDR, BMRN, CALX, CAMP, CB, CBG, CENX, CERN, CINF, CLWR, CRUS, CSTR, CTCT, DECK, DLB, ELY, EMN, EXPE, FII, FR, FSL, GERN, IGT, IM, INAP, INFA, KBR, KEG, KLAC, LEG, MCRS, MXIM, N, NR, NTGR, OLN, PFG, PKI, PMCS, QLIK, RMD, RRC, RSG, SBUX, SIMO, SPN, SWKS, SYNA, TCO, THRX, TLAB, UHS, VPRT, VRSN, WRE, WYNN Comment! [Earnings]
Tuesday, April 9, 9:44 AM Qlik (QLIK +2.4%) rallies following an upgrade to Overweight from Evercore; the firm has set a $30 PT. Shares traded higher yesterday as the company's annual partner summit commenced. Comment! [Tech, On the Move]
Monday, April 8, 2:28 PM Qlik (QLIK +3%) trades higher as its annual partner summit gets underway. The business intelligence/analytics software firm announced today nearly 1K partners out of a total of 1.5K are attending, and notes it derived 54% of its 2012 software license and first-year maintenance billings from partners. Shares rallied in February following a Q4 beat. Comment! [Tech, On the Move]
Friday, April 5, 9:51 AM The bloodletting in enterprise IT and telecom equipment names that followed F5's March quarter warning yesterday afternoon has spread, with some telecom component/chip names now among the companies getting hit hard. This morning's weak NFP report certainly isn't helping matters. JDSU -5%. CVLT -6.1%. EZCH -4.5%. INFA -3.9%. QLIK -3.9%. MLNX -3.6%. CAVM -8.5%. RKUS -5%. FTNT -3.9%. FNSR -6%. Comment! [Tech, On the Move]
Tuesday, April 2, 5:25 PM White-hot analytics software vendor Tableau has filed for a $150M IPO under the PR-friendly symbol DATA. Tableau, which has developed innovative tools for visualizing and quickly analyzing data using drag-and-drop actions, posted 2012 revenue of $127.7M (+105% Y/Y), and net income of $1.6M. Sales/marketing spend more than doubled to $62.3M. Rivals include Tibco (TIBX - via Spotfire) and Qlik (QLIK - via QlikView), and business intelligence software mainstays IBM, SAP, and Oracle. (S-1) (previous) Comment! [Tech]