Tableau Software Inc. ($DATA) Stock | The Data Doesn’t Look So Good


Tableau Software Inc. (NYSE: DATA)

Tableau Software Earnings

Tableau Software Inc. (DATA) was taken to the cleaners after they reported a loss in their 4th quarter results. The software company announced a loss of $41.3 million or 57 cents per share despite revenue jumping 42% to $202.8 million while analysts were looking for a profit of $20.7 million or 27 cents per share. They also issued guidance lower than expectations with estimates coming in at $160-165 million for  Q1 and $830-850 million for the fiscal year. Analyst had projected Q1 numbers at $179.5 million and $871 million for the year. This lower guidance is what really has caught traders attentions and the catalyst for the pressure on the shares. Currently analyst have an average price target of $111.00 but after this guidance I wouldn’t be surprised to see some downgrades come out. Keep an eye on this stock as its going to be making big moves today on above average volume and volatility.


CEO Comments

“Our products are having a noticeable impact across the range of sectors and industries. In the U.S., 88% of the Fortune 500 are now Tableau customers, including an astounding 96% of the Fortune 100. Drilling down on that, 100% of the Top 20 financial sector companies represented in the Fortune 500 are Tableau customers. 100% of the Top 20 technology sector companies are Tableau customers. And Tableau’s customer base includes the 10 largest U.S. telecommunications companies, including the five largest U.S. wireless companies.” (SeekingAlpha)


DATA Technicals

DATA Chart

As you can see from the chart, shares of DATA were clobbered for over 50% in the post market when it hit lows of $39.57 after the closing the day at $81.75 and at these current levels it will be all time lows for the stock from when it IPO’d back in 2013. For now we’ll have to use premarket lows as support at $39.57 and resistance will come in at $44, $48 and $50 granted it makes back up that high. There was recently a death cross on the daily chart back September which usually means there is a shift in trend to the downside. This is a huge move and I wouldn’t be surprised to see some profit taking from shorts or buyers speculating on a move back up as this is a very extended move.  There will be a large amount of volume on this stock as there will be a lot of traders looking to take advantage of this move and along with that volatility will also be greatly increased. If you’re looking to trade this stock, be very careful.


Company Profile

Tableau Software, Inc. is engaged in the provision of analytics and data visualization software. Its software products put the power of data into the hands of everyday people, allowing a broad population of business users to engage with their data, ask questions, solve problems and create value. The company makes five key products: Tableau Desktop, Tableau Server, Tableau Online, Tableau Reader and Tableau Public. Tableau Software was founded by Christian Chabot, Patrick Hanrahan, and Christopher Stolte in 2003 and is headquartered in Seattle, WA. (MarketWatch)