 | Your browser does not display parts of our website correctly. We use the latest technology available to provide you with a high quality experience; please upgrade your browser to its latest version to view the contents properly: |
BlackLine, Inc. (BL) provides financial accounting close solutions delivered primarily as Software as a Service in the United States and internationally.
Its solutions enable its customers to address various aspects of their financial closing process, including account reconciliations, variance analysis of account balances, journal entry capabilities, and range of data matching capabilities.
The company's platform consists of nine core cloud-based products, including Transaction Matching, Account Reconciliations, Consolidation Integrity Manager, Daily Reconciliations, Journal Entry, Variance Analysis, Task Management, Compliance, and Insights.
Its solutions include balance sheet integrity, close process management, accounting process automation, finance transformation, intercompany hub, and smart close.
The company designs its products to complement enterprise resource planning and other financial systems, including NetSuite, Oracle, SAP, and Workday; and financial close management and accounting automation from within a single, unified cloud platform. It has strategic alliances with technology vendors, such as SAP and NetSuite; professional services firms, including Deloitte, Ernst & Young, and KPMG; and business process outsourcers, such as Cognizant, Genpact, and IBM.
Shares have formed a bullish "cup and handle" following the company's latest quarterly report. On November 9th, Blackline (BL) reported 3rd Quarter September 2019 earnings of $0.07 per share on revenue of $74.9 million. The consensus earnings estimate was $0.03 per share on revenue of $72.4 million. Revenue grew 27.6% on a year-over-year basis.
The company said it expects fourth quarter non-GAAP earnings of $0.12 to $0.13 per share on revenue of $77.3 million to $78.3 million. The current consensus earnings estimate is $0.08 per share on revenue of $76.8 million for the quarter ending December 31, 2019. The company reports February 13th
Entry Point: $60.00
Stop Loss: $57.00
Trading Range: $42.23 to $65.32
Target Price: $66.00
BL closed at $71.50
