Why Qlik Technologies (QLIK) Stock Is Up Today

NEW YORK (TheStreet) -- Qlik Technologies (QLIK) was gaining 14.5% to $26.78 Friday after beating analysts' estimates for earnings and revenue in the second quarter.

For the second quarter Qlik reported earnings of 2 cents a share, 5 cents above the Capital IQ Consensus Estimate of a loss of -3 cents a share. Revenue grew 21.8% from the year-ago quarter to $131.6 million. Analysts expected revenue of $125.3 million for the quarter.

Looking to the full-year 2014 Qlik expects revenue of $545 million to $555 million and earnings of 23 cents to 27 cents a share. Analysts expect revenue of $547.8 million and earnings of 25 cents a share for the year.

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

"We rate QLIK TECHNOLOGIES INC (QLIK) a SELL. This is driven by a number of negative factors, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share."

QLIK ChartQLIK data by YCharts

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Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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