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Workiva Inc. (WK) provides cloud-based solutions for connected data, reporting, and compliance worldwide.
The company offers Wdesk, a platform that provides data collection and linking, data integrations, controlled collaboration, granular permissions, process management, and full audit trail services; and Wdata, which includes data preparation tools, data connectors, and application programming interfaces that enable customers to create direct connections to their data.
It serves public and private companies, government agencies, and higher-education institutions.
On May 1, the company reported a 1st Quarter March 2019 loss of $0.17 per share on revenue of $70.0 million. The consensus estimate was a loss of $0.22 per share on revenue of $69.1 million. Revenue grew 16.8% on a year-over-year basis.
The company said it expects a second quarter non-GAAP loss of $0.11 to $0.10 per share on revenue of $68.6 million to $69.1 million. The current consensus estimate is a loss of $0.11 per share on revenue of $68.4 million for the quarter ending June 30, 2019. The company also said it expects a 2019 loss of $0.38 to $0.34 per share on revenue of $284.0 million to $286.0 million. The company's previous guidance was a loss of $0.39 to $0.34 per share on revenue of $282.5 million to $284.5 million and the current consensus estimate is a loss of $0.36 per share on revenue of $283.5 million for the year ending December 31, 2019.
Shares have formed a bullish "cup and handle" and are expected to move higher from this formation.
Entry Point: $60.00
Stop Loss: $57.00
Trading Range: $24.30 - $60.54
Target Price: $66.00
WK closed at $50.
