Tableau Software, Inc. ($DATA) Stock | Shares Crash 46% On Weak Guidance


Tableau Software, Inc. (NASDAQ: DATA)



Tableau Software, Inc. (DATA),  a company that provides business analytics software on Thursday reported their fourth quarter and fiscal year 2015 financial results and guidance numbers for 2016. DATA reported that their expectations for first quarter 2016 are for a loss between $0.08 and $0.12 per share which fell short of analyst expectations of a gain of $0.06. DATA reported first quarter 2016 revenue numbers to be between $160 and $165 million which fell below analyst expectations of $179.5 million.


Tableau Software, Inc. CEO’s Comments

“In Q4, a record 3,600 new customer accounts chose Tableau, bringing our total to more than 39,000 worldwide. This speaks to the immense popularity of Tableau’s products and continued strong demand from customers around the world,” said Christian Chabot, Chief Executive Officer of Tableau. “I remain optimistic that Tableau is best positioned to address the large and growing market opportunity for self-service visual analytics.”  PR Newswire


DATA Technical Analysis

DATA Chart

DATA gapped down in price on Friday to $43.86, down from the prior day’s close of $81.75, which is a 46% decrease in price. Taking a look at the daily chart we can see that we are in unchartered territory as DATA is trading at all time lows. Taking a closer look at the daily chart we can see that DATA has been in overall decline dating back to July 23rd when it traded at its 52 week high price of $131.34. DATA has a float of 51.98 million shares and is trading over 15 times the normal daily trading volume. DATA reached pre market lows of $43.08, but bounced back $0.78 at the open, or equivalent to 2%. For trading purposes, my entry point short would have been $43.75 looking for a run down to $40. My stop loss would have been $44.25, fearing anything above that and the stock would start to fill in the gap down.


Company Profile

Tableau Software, Inc., together with its subsidiaries, provides business analytics software products in the United States, Canada, and internationally. The company offers Tableau Desktop, a self-service analytics environment that empowers people to access and analyze data independently; and Tableau Server, a business intelligence platform with data management, scalability, and security to foster the sharing of data, as well as to improve the dissemination of information in an organization and promote enhanced decision-making. It also offers Tableau Online, a cloud-based hosted version of Tableau Server; and Tableau Public, a cloud-based platform that allows bloggers, journalists, researchers, and government workers to visualize public data on their Websites. In addition, the company provides related maintenance and support, and training and professional services. It offers its products and services to organizations in various industries, including business services, energy and telecommunications, financial services, Internet, life sciences and healthcare, manufacturing and technology, media and entertainment, public sector, education, retail, consumer, and distribution industries. The company sells its products directly, as well as through technology vendors, resellers, original equipment manufacturers, and independent software vendors. Tableau Software, Inc. was founded in 2003 and is headquartered in Seattle, Washington.  Yahoo Finance