Atlantic Securities Initiates Coverage on Qlik Technologies (QLIK)
Stock analysts at Atlantic Securities started coverage on shares of Qlik Technologies (NASDAQ:QLIK) in a report issued on Monday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group upgraded shares of Qlik Technologies from a “hold” rating to a “buy” rating in a research note to investors on Friday. They now have a $35.00 price target on the stock, up previously from $29.00. They noted that the move was a valuation call. Separately, analysts at Mizuho initiated coverage on shares of Qlik Technologies in a research note to investors on Monday, December 16th. They set a “neutral” rating and a $25.00 price target on the stock. Finally, analysts at Citigroup Inc. upgraded shares of Qlik Technologies from a “neutral” rating to a “buy” rating in a research note to investors on Monday, November 4th. They now have a $33.00 price target on the stock, up previously from $26.00. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $33.07.
Shares of Qlik Technologies (NASDAQ:QLIK) traded down 4.33% on Monday, hitting $26.54. The stock had a trading volume of 2,051,149 shares. Qlik Technologies has a 1-year low of $19.60 and a 1-year high of $37.56. The stock has a 50-day moving average of $25.45 and a 200-day moving average of $29.96. The company’s market cap is $2.356 billion.
Qlik Technologies (NASDAQ:QLIK) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.05 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.04 by $0.01. The company had revenue of $104.10 million for the quarter, compared to the consensus estimate of $107.80 million. During the same quarter last year, the company posted $0.02 earnings per share. Qlik Technologies’s revenue was up 20.9% compared to the same quarter last year. On average, analysts predict that Qlik Technologies will post $0.25 earnings per share for the current fiscal year.
Qlik Technologies Inc (NASDAQ:QLIK) provides user-driven business intelligence (BI) solution that enables its customers.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.