Qlik Technologies Receives Average Recommendation of “Buy” from Analysts (NASDAQ:QLIK)
Shares of Qlik Technologies (NASDAQ:QLIK) have received a consensus rating of “Buy” from the twenty-three analysts that are covering the stock, AnalystRatings.Net reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $31.64.
Shares of Qlik Technologies (NASDAQ:QLIK) traded up 0.37% during mid-day trading on Wednesday, hitting $21.45. The stock had a trading volume of 266,107 shares. Qlik Technologies has a one year low of $20.17 and a one year high of $37.56. The stock’s 50-day moving average is $22.42 and its 200-day moving average is $25.16. The company’s market cap is $1.923 billion.
Qlik Technologies (NASDAQ:QLIK) last announced its earnings results on Thursday, April 24th. The company reported ($0.12) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.13) by $0.01. The company had revenue of $111.10 million for the quarter, compared to the consensus estimate of $113.22 million. During the same quarter last year, the company posted ($0.09) earnings per share. Qlik Technologies’s revenue was up 15.1% 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 has been the subject of a number of recent research reports. Analysts at FBR Capital Markets initiated coverage on shares of Qlik Technologies in a research note on Wednesday. They set a “market perform” rating and a $24.00 price target on the stock. Separately, analysts at Deutsche Bank cut their price target on shares of Qlik Technologies from $28.00 to $26.00 in a research note on Tuesday. They now have a “hold” rating on the stock. Finally, analysts at Summit Research initiated coverage on shares of Qlik Technologies in a research note on Thursday, June 5th. They set a “buy” rating and a $31.00 price target on the stock.
Qlik Technologies Inc (NASDAQ:QLIK) provides user-driven business intelligence (BI) solution that enables its customers.
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