New Lifetime High Today: Tableau Software (DATA)

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.

Trade-Ideas LLC identified Tableau Software ( DATA) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Tableau Software as such a stock due to the following factors:

  • DATA has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $81.6 million.
  • DATA has traded 7,964 shares today.
  • DATA is trading at a new lifetime high.

EXCLUSIVE OFFER: Get the inside scoop on opportunities in DATA with the Ticky from Trade-Ideas. See the FREE profile for DATA NOW at Trade-Ideas

More details on DATA:

Tableau Software, Inc., together with its subsidiaries, provides business analytics software products in the United States, Canada, and internationally. DATA has a PE ratio of 2841. Currently there are 18 analysts that rate Tableau Software a buy, no analysts rate it a sell, and 4 rate it a hold.

The average volume for Tableau Software has been 982,500 shares per day over the past 30 days. Tableau Software has a market cap of $5.7 billion and is part of the technology sector and computer software & services industry. The stock has a beta of -0.35 and a short float of 6% with 4.68 days to cover. Shares are up 37.2% year-to-date as of the close of trading on Tuesday.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates Tableau Software as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity and feeble growth in its earnings per share.

Highlights from the ratings report include:
  • The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Software industry. The net income has significantly decreased by 78.1% when compared to the same quarter one year ago, falling from -$5.63 million to -$10.03 million.
  • The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. Compared to other companies in the Software industry and the overall market, TABLEAU SOFTWARE INC's return on equity significantly trails that of both the industry average and the S&P 500.
  • TABLEAU SOFTWARE INC has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. The company has reported a trend of declining earnings per share over the past year. However, the consensus estimate suggests that this trend should reverse in the coming year. During the past fiscal year, TABLEAU SOFTWARE INC reported lower earnings of $0.04 versus $0.15 in the prior year. This year, the market expects an improvement in earnings ($0.38 versus $0.04).
  • The gross profit margin for TABLEAU SOFTWARE INC is currently very high, coming in at 91.84%. Regardless of DATA's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, DATA's net profit margin of -7.70% significantly underperformed when compared to the industry average.
  • Net operating cash flow has significantly increased by 144.33% to $35.00 million when compared to the same quarter last year. In addition, TABLEAU SOFTWARE INC has also vastly surpassed the industry average cash flow growth rate of -17.83%.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

More from Markets

FTC Chair Says Agency Is Ready to Take on Big Tech; Walgreens Joins Dow -- ICYMI

FTC Chair Says Agency Is Ready to Take on Big Tech; Walgreens Joins Dow -- ICYMI

Dow Gets Swept Into Nasty Reversal Even as Nasdaq Posts New Record

Dow Gets Swept Into Nasty Reversal Even as Nasdaq Posts New Record

Zoom CEO Eric Yuan Leads Glassdoor's List of Top 100 CEOs

Zoom CEO Eric Yuan Leads Glassdoor's List of Top 100 CEOs

REPLAY: Jim Cramer on Fed Rate Hikes, Oil Prices and Starbucks Worries

REPLAY: Jim Cramer on Fed Rate Hikes, Oil Prices and Starbucks Worries

3 Must Reads on the Market From TheStreet's Top Columnists

3 Must Reads on the Market From TheStreet's Top Columnists