Tableau, on weaker outlook, down 49% today; sparks tech sector slump


Tom Paine



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I don't usually report on stock movements.

But Qlik competitor Tableau (NYSE: DATA) saw the bottom drop out this morning after an earnings report yesterday that concerned some and a disappointing outlook going into 2016.

Its shares are down 49% so far today.

Tableau’s outlook for the current quarter missed Wall Street views, and its revenue for Q4 2015 met expectations but disappointed some.

“We have data and have heard anecdotally that the Tableau solution is the most expensive in the market when compared with” products from rivals Microsoft (MSFT) and Qlik Technologies (QLIK.), Summit Research analyst Srini Nandury told Investor's Business Daily. Some also mentioned an impact from Amazon.com’s AWS QuickSight.

Q4 revenue rose 42% to $202.8 million. Tableau's net (GAAP) loss of 57 cents a share was influenced by a negative tax adjustment.

One might say that Tableau's results don't look too bad, but momentum stocks pay a heavy price when the expectations bubble bursts. I don't have the time, but someone could do a great dataviz of recent Tableau price movements.

QLIK is down 15% today.


Update 3:40pm: Tableau seems to be dragging the whole tech sector down.


The Nasdaq Bloodbath Led by LinkedIn, Tableau (Wall Street Journal: MoneyBeat)

Tableau finished the day down 49.5%, Qlik 15%.


Links 2/5; SAP Uses Super Bowl 50 To Test Data Visualization, UX; Oracle suggests Amazon's cloud isn't real






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Cue the surprise: Oracle suggests Amazon's cloud isn't real (Computerworld)

The Nasdaq Bloodbath Led by LinkedIn, Tableau (Wall Street Journal: MoneyBeat)

LinkedIn Plunges, Torpedoed by Fears of Slower Growth (Re/code)


Meet the best venture capital firm you’ve never heard of — it had 7 of its companies go public since 2014 (Business Insider)

SAP Uses Super Bowl 50 To Test Data Visualization, UX (Information Week)


There’s still a gap in the Smart Home app (Embedded Computng Design)




Four takeaways from yesterday (2/4)






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