On Friday, Shares of Tableau Software Inc (NYSE:DATA), dropped -4.13% and is at $81.69 in the Real-Time trading session, with the total volume of 24.36 Million shares, as contrast to its average volume of 17.63 million shares.
Tableau Software Inc (NYSE:DATA), together with its auxiliaries, provides business analytics software products in the United States, Canada, and internationally.
The firm opened its current trade at $98.71, and as of now, it is trading at $104.54. . The stock is floating in a range of $98.00 - $104.91. The 52-week range of the share price is from $76.01 – $131.34. The earnings per share(EPS) was -$0.26. The company has the total of 51.27 Million outstanding shares right now, while its market capitalization is about $7.51 billion.
The mean estimate for the short-term price target for the firm stands at $116.96, according to 28 brokers. The higher price target for DATA is $145.00, while the lower price target is $75.00.
Analysts mean recommendation for the stock is 2.10. This number is based on a 1 to 5 scale where 1 indicates a Strong Buy recommendation while 5 represents a Strong Sell.
According to news report, Tableau Software (DATA) stated results for its third quarter ended September 30, 2015.
- Total revenue grew to $170.8 million, up 64% year over year.
- License revenue grew to $109.5 million, up 57% year over year.
- International revenue grew to $42.2 million, up 75% year over year.
- Added more than 3,100 new customer accounts.
- Closed 296 transactions greater than $100,000.
- Diluted GAAP loss per share was $0.19; diluted non-GAAP earnings per share were $0.14.
“I am very happy with Tableau’s performance this quarter. We continue to demonstrate solid business growth as more customers embrace the Tableau way of analytics with great enthusiasm and success,” said Christian Chabot, Chief Executive Officer of Tableau Software. “As a result, we had another record quarter of new customer wins. More than 3,100 new customer accounts were added in Q3, bringing the total to more than 35,000 worldwide.”
“We remain focused on product innovation and advancing our platform to bring even more value to our growing customer base,” continued Chabot. “At the Tableau Customer Conference last month, we demonstrated some of our newest innovations in visual analytics, data integration, data preparation, server administration, cloud and mobile, some of which are slated for Tableau 10 next year.”
Business Highlights
Tableau held its eighth annual Tableau Customer Conference October 19-23 in Las Vegas. The conference sold out again this year, with more than 10,000 customers and partners in attendance. More than 100 customers spoke at the conference counting Cisco, Credit Suisse, Comcast, Target and PepsiCo, among others. In addition, 70 partners counting InfoSys, Deloitte, HP, Cloudera, Amazon Web Services, Informatica, Splunk, Alteryx, and Accenture, among others, take partd in the expo showcase, demonstrating the breadth of Tableau’s partner ecosystem.
In recent months Tableau also:
- Released Tableau 9.1, giving users more ways to answer questions with data, an entirely new mobile experience, new options for connecting to data and easier security and authentication for the enterprise.
- Signed an alliance with Deloitte Consulting LLP to enhance Deloitte’s ability to deliver self-service analytics to enterprise customers.
- Declared new integrations with Amazon Web Services (AWS), counting a connector for Amazon Aurora in addition to the launch of Tableau Server listings in AWS Marketplace.
- Launched the Tableau for Non-Profits free software program to enable small non-profits to benefit from using Tableau.
- Named as a Gold Medalist in Puget Sound Business Journal’s 2015 Washington’s Best Workplaces.
- Declared expansion into China with the launch of an office in Shanghai.
Financial Highlights
Total revenue raised 64% to $170.8 million, up from $104.5 million in the third quarter of 2014. License revenue raised 57% to $109.5 million, up from $69.8 million in the third quarter of 2014. International revenue grew to $42.2 million, up 75%, from $24.1 million in the third quarter of 2014.
GAAP operating loss for the third quarter of 2015 was $13.2 million, contrast to a GAAP operating loss of $3.8 million for the third quarter of 2014. GAAP net loss for the third quarter of 2015 was $13.4 million, or $0.19 per diluted common share, contrast to a GAAP net loss of $4.6 million, or $0.07 per diluted common share, for the third quarter of 2014.
Non-GAAP operating income, which excludes stock-based compensation expense, was $18.4 million for the third quarter of 2015, contrast to a non-GAAP operating income of $8.7 million for the third quarter of 2014. Non-GAAP net income, which excludes stock-based compensation expense and related income tax adjustments, was $10.6 million for the third quarter of 2015, or $0.14 per diluted common share, contrast to a non-GAAP net income of $3.9 million, or $0.05 per diluted common share, for the third quarter of 2014.
Tableau (DATA) assists people see and understand data. Tableau assists anyone quickly analyze, visualize and share information. More than 35,000 customer accounts get rapid results with Tableau in the office and on-the-go.