Why Qlik Technologies (QLIK) Stock Is Down Today

NEW YORK (TheStreet) -- Qlik Technologies (QLIK) was falling 9.8% to $22.16 Friday after missing analysts' expectations for revenue in the first quarter.

For the first quarter Qlik posted a loss of -12 cents a share, beating analysts' estimates of a loss of -13 cents a share by 1 cent. Revenue grew 15.1% from the year-ago quarter to $111.1 million. Analysts surveyed by Thomson Reuters expected revenue of $113.22 million for the quarter.

Looking to the second quarter the company expects revenue of between $124 million and $128 million and a loss of between -4 cents and -2 cents a share, both in-line with analysts' estimates for the quarter.

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TheStreet Ratings team rates QLIK TECHNOLOGIES INC as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:

"We rate QLIK TECHNOLOGIES INC (QLIK) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company's earnings per share."

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