The best bets in enterprise software for the second half of year are in data analytics and computer aided design. That’s the assessment from Steve Koenig, an analyst for Wedbush Securities, in a research report Tuesday. Koenig’s top picks in the sectors are Tableau Software (DATA), the leading data analytics software maker; its chief rival, Qlik Technologies (QLIK); and CAD software maker PTC (PTC), which competes with Dassault Systemes (DASTY)
Qlik Technologies (QLIK) is gaining in the fast-growing data analytics market, as its Q1 earnings beat late Thursday earned the company some price target hikes. But the company, which competes with Tableau Software (DATA), Salesforce.com (CRM) and others, reduced its revenue outlook for the year due to currency headwinds. Still, its report prompted at least five investment banks to raise their price targets on the company, which makes software
Qlik Technologies (QLIK) could start to gain some competitive momentum against its chief rival, Tableau Software. The company’s Qlik Sense product, launched last year, is starting to resonate with customers looking for cutting-edge data analytics software, Cowen analyst Jesse Hulsing said in a report Tuesday. A check of 10 Qlik partners in the last week found that nearly all are seeing interest in the Qlik Sense product, Hulsing said. Qlik