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Tableau Software, Inc. (DATA) provides business analytics software products.
It offers Tableau Desktop, an analytics product that empowers people to access and analyze data; and Tableau Server, a business intelligence platform with data management and scalability to foster sharing of analytics, as well as to enhance the dissemination of information in an organization and promote decision-making.
The company also provides Tableau Online, a hosted software-as-a-service version of Tableau Server; and Tableau Public, a cloud-based platform that allows various users, such as bloggers, journalists, researchers, and government workers to visualize public data on their Websites.
In addition, it offers Visual Query Language (VizQL) for databases, which is a computer language for describing pictures of data, including graphs, charts, maps, time series, and tables of visualizations; Live Query Engine that interprets abstract queries generated by VizQL into syntax understandable by various database systems; and Hyper, an in-memory data engine technology that helps customers to analyze a range of data sets by evaluating analytical queries directly in the transactional database. Further, the company provides maintenance and support, training, and professional services.
It serves organizations in various industries, including business services, energy and telecommunications, financial services, life sciences and healthcare, manufacturing and technology, media and entertainment, public sector, and education, as well as retail, consumer, and distribution industries. The company sells its products directly, as well as through indirect sales channels, such as technology vendors, resellers, original equipment manufacturers, and independent software vendor partners in the United States, Australia, Canada, China, France, Germany, India, Ireland, Japan, Singapore, the United Kingdom, and internationally.
The company reported its quarterly results yesterday. Tableau reported Q1 adjusted EPS (19c), consensus (18c) - Reported Q1 revenue $246.2M, consensus $217.99M. Total annual recurring revenue increased 46% to $641.9 million, up from $439.0 million at the end of the first quarter of 2017. Subscription annual recurring revenue increased 230% to $237.5 million, up from $72.0 million at the end of the first quarter of 2017. Sees FY18 revenue $950M-$985M vs. prior view of $945M-$985M, consensus $970.38M.
The earnings report should push shares out of their bullish "cup and handle" into higher prices. The formation is supported by the stock's 50-day moving avrage.
Entry Point: $87.00
Stop Loss: $82.65
52-Weeks Trading Range: $57.25 - $87.60
Target Price: $95.70
DATA closed at $95.60
