Qlik Technologies Inc (QLIK) is Downgraded by Jefferies to Hold

Qlik Technologies Inc (QLIK) was Downgraded by Jefferies to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Jefferies advised their investors in a research report released on Jul 18, 2016.

Many Wall Street Analysts have commented on Qlik Technologies Inc. Qlik Technologies Inc was Downgraded by SunTrust to ” Neutral” on Jun 6, 2016. Qlik Technologies Inc was Downgraded by Brean Capital to ” Hold” on Jun 3, 2016. Shares were Downgraded by DA Davidson on Jun 3, 2016 to ” Neutral” and Lowered the Price Target to $ 30.50 from a previous price target of $52 .

On the company’s financial health, Qlik Technologies Inc reported $-0.09 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $-0.12. The company had revenue of $138.00 million for the quarter, compared to analysts expectations of $134.38 million. The company’s revenue was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.09 EPS.

Qlik Technologies Inc closed down -0.06 points or -0.20% at $29.9 with 10,76,467 shares getting traded on Friday. Post opening the session at $29.95, the shares hit an intraday low of $29.88 and an intraday high of $30 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Jun 7, 2016, Deborah C Lofton (VP and General Counsel) sold 3,029 shares at $30.11 per share price. According to the SEC, on Jun 7, 2016, Charles M. Potter (SVP, Global Engineering) sold 1,316 shares at $30.14 per share price. On Jun 7, 2016, Timothy J Maccarrick (CFO) sold 4,025 shares at $30.14 per share price, according to the Form-4 filing with the securities and exchange commission.

Qlik Technologies Inc. is a provider of user-driven business intelligence (BI) solutions. The Company is engaged in the development commercialization and implementation of software products and related services. The Company’s core solution for guided analytics is QlikView which allows people create and share insights and analysis in groups and across organizations. The Company’s QlikView Desktop is a Windows application that enables the user to load data from disparate sources. QlikView Expressor provides a graphical studio for designing and managing data integration for QlikView apps. QlikView NPrinting is a report generation distribution and scheduling application for QlikView. Qlik Sense is self-service data visualization and analysis application. Qlik Sense Desktop allows users to connect to any underlying data source load data build user interfaces and conduct interactive analyses of their data.

Qlik Technologies Inc

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