Tableau Software says that it plans to step up its offshore expansion to compete with rival Qlik Technologies. That news might be why Tableau stock was down despite a Q2 earnings beat. Tableau Software (DATA) stock was down more than 4% in morning trading in the stock market today, near 62. Yet Mizuho Securities on Friday upgraded its rating on Tableau stock to buy from neutral and hiked its price target to 80 from 65. Tableau makes data-analytics
While Qlik Technologies (QLIK) posted Q2 earnings late Thursday that soundly beat analyst estimates, that might not be the only reason why its stock was up 12.5% in midday trading in the stock market today. Larger software firms might be looking to acquire the data analytics software company, which is launching products to compete with rivals Tableau Software (DATA), Tibco Software (TIBX) and others, says Daniel Ives, an analyst for FBR Capital
While Qlik Technologies (QLIK) posted Q2 earnings late Thursday that soundly beat analyst estimates, that might not be the only reason why its stock was up 12.5% in midday trading in the stock market today. Larger software firms might be looking to acquire the data analytics software company, which is launching products to compete with rivals Tableau Software (DATA), Tibco Software (TIBX) and others, says Daniel Ives, an analyst for FBR Capital