Revenue Update on Qlik Technologies Inc(NASDAQ:QLIK)

Qlik Technologies Inc(NASDAQ:QLIK) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 28, 2016. Company reported revenue of $180.64M. Analysts estimated a revenue of $166.35M. Earnings per share were $0.14. Analysts had estimated an EPS of $0.03.

In a different note, On Jul 18, 2016, Jefferies said it Downgrades its rating on Qlik Technologies Inc. In the research note, the firm Lowers the price-target to $38.00 per share. The shares have been rated ‘Hold’ by the firm. On Jun 6, 2016, CLSA said it Downgrades its rating on Qlik Technologies Inc. The shares have been rated ‘Neutral’ by the firm. On Jun 6, 2016, SunTrust Robinson Humphrey said it Downgrades its rating on Qlik Technologies Inc. The shares have been rated ‘Neutral’ by the firm. On Jun 3, 2016, RBC Capital said it Downgrades its rating on Qlik Technologies Inc. The shares have been rated ‘Sector Perform’ by the firm. On Jun 3, 2016, DA Davidson said it Downgrades its rating on Qlik Technologies Inc. The shares have been rated ‘Neutral’ by the firm. On Jun 3, 2016, Citigroup said it Maintains its rating on Qlik Technologies Inc. In the research note, the firm Lowers the price-target to $31.00 per share. The shares have been rated ‘Neutral’ by the firm.

Qlik Technologies Inc (QLIK) made into the market gainers list on Thursdays trading session with the shares advancing 0.36% or 0.11 points. Due to strong positive momentum, the stock ended at $30.34, which is also near the day’s high of $30.34. The stock began the session at $30.25 and the volume stood at 34,01,004 shares. The 52-week high of the shares is $42.9 and the 52 week low is $15.77. The company has a current market capitalization of $2,880 M and it has 9,49,13,770 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 7, 2016, Deborah C Lofton (VP and General Counsel) sold 3,029 shares at $30.11 per share price.Also, On Jun 7, 2016, Charles M. Potter (SVP, Global Engineering) sold 1,316 shares at $30.14 per share price.On Jun 7, 2016, Timothy J Maccarrick (CFO) sold 4,025 shares at $30.14 per share price, according to the Form-4 filing with the securities and exchange commission.

Qlik Technologies Inc. is a provider of user-driven business intelligence (BI) solutions. The Company is engaged in the development commercialization and implementation of software products and related services. The Company’s core solution for guided analytics is QlikView which allows people create and share insights and analysis in groups and across organizations. The Company’s QlikView Desktop is a Windows application that enables the user to load data from disparate sources. QlikView Expressor provides a graphical studio for designing and managing data integration for QlikView apps. QlikView NPrinting is a report generation distribution and scheduling application for QlikView. Qlik Sense is self-service data visualization and analysis application. Qlik Sense Desktop allows users to connect to any underlying data source load data build user interfaces and conduct interactive analyses of their data.

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