Qlik Technologies, Inc. (NASDAQ:QLIK)

CAPS Rating: 2 out of 5

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Member Avatar bIlluminati (30.52) Submitted: 10/10/2014 3:37:17 PM : Underperform Start Price: $24.35 QLIK Score: +0.63

Still losing money.

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Member Avatar vaderblue (< 20) Submitted: 4/26/2014 11:52:07 AM : Underperform Start Price: $22.22 QLIK Score: -6.62

Too much competition. Never really built the customer base. I wouldn't write them off but I see this stock sliding. I see many stocks are overvalued. I feel once they peak they fall back. If the fundementals are good they will climb again. I don't like the fundementals on this one. Not a strong Balance Sheet

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Member Avatar motto1628 (33.19) Submitted: 3/21/2014 1:29:28 AM : Outperform Start Price: $23.75 QLIK Score: -43.59

- rule breaker pick
- business intelligence

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Member Avatar Aaryan (30.82) Submitted: 2/11/2014 10:17:15 AM : Outperform Start Price: $27.36 QLIK Score: -17.06

Best buy... Superb BI tool on market today..

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Member Avatar SURFFEE (< 20) Submitted: 12/20/2013 4:51:59 AM : Outperform Start Price: $25.65 QLIK Score: -11.14

New radically changed version of the product.
2 high rankings (Gartner, BARC) in list of BI tools.

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Member Avatar CarlosDK (< 20) Submitted: 2/6/2013 9:00:14 AM : Underperform Start Price: $21.91 QLIK Score: +16.31

Extreme overvalued EVS

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Member Avatar marcomagno (65.59) Submitted: 5/21/2012 2:39:10 PM : Outperform Start Price: $24.02 QLIK Score: -44.03

Qlik Tech has a niche product that is gaining popularity among larger organizations.

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Member Avatar FoolToThink (33.32) Submitted: 5/10/2012 12:29:58 PM : Outperform Start Price: $25.05 QLIK Score: -42.90

Great platform for what it does.

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Member Avatar TMFOpie (97.84) Submitted: 3/15/2012 10:14:35 PM : Outperform Start Price: $30.90 QLIK Score: -57.06

I like Tim's theme from SXSW of making sense of data: http://www.fool.com/investing/general/2012/03/15/a-massive-investment-opportunity-youre-overlooking.aspx. TDC has worked out nicely. TIBX in the same spirit. Long QLIK 5+ years.

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Member Avatar galaxysurfer77 (< 20) Submitted: 1/23/2012 5:39:24 AM : Outperform Start Price: $26.56 QLIK Score: -53.48

Business Intelligence should become more of a value add for companies increasing Qlik 's Market and by correlation their revenue ceteris parabis

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Member Avatar naandrews (< 20) Submitted: 1/12/2012 2:51:27 PM : Outperform Start Price: $25.34 QLIK Score: -51.40

Rule Breaker in the making.

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Member Avatar JumpinJimMan (< 20) Submitted: 11/3/2011 9:15:24 AM : Underperform Start Price: $30.00 QLIK Score: +70.92

Here is a recent article from Seeking Alpha which may burst some bubbles of this stock's future.

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Member Avatar harv1r (20.86) Submitted: 8/22/2011 7:40:05 PM : Outperform Start Price: $24.50 QLIK Score: -69.18

Stock will under perform until the economy improves at which time a recovery will begin.

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Member Avatar aosgood (< 20) Submitted: 8/18/2011 6:59:51 PM : Outperform Start Price: $24.96 QLIK Score: -71.25

Qlik Technologies is a Swedish-based business intelligience (BI) company. Its main product is Qlik View, a streamlined BI program that uses in-memory processing, which does not require the expensive infrastructure the online analytical processing (OLAP) based programs used by the majority of the BI industry. Qlik View is both cheaper and easier to use for potential customers than its OLAP competitors, and this ease-of-use widens the audience for the BI industry as a whole. Also, Qlik View has recently been modified for the mobile interface and is available for tablets around the world.

My biggest fear, the media's biggest fear, and I imagine many of its potential investor's fear, is that QLIK may be horrifyingly overpriced. Qlik is trading at a outrageous 278.10 to 809.21 P/E depending on where you look (278.1 on the Fool and Seeking Alpha, 516.6 on Yahoo Finance, and 809.21 on Google Finance) Using the ttm earnings reports on the Fool's own site I got an EPS (ttm) of 3.25 cents a share and a P/E of 794.8. Frankly either way I find this stat to be a little overwhelming to say the least, and I'm really not sure where the 278.1 came from. The recent market pullback has made the pricing slightly more attractive, although I hesitate to use the words attractive and a triple digit P/E ratio in the same paragraph. Things need to be put into perspective if we are to understand this sky-high valuation.

First, and foremost, Qlik Tech is a relatively small company competing against some of the biggest names in tech: IBM, Microsoft, and Oracle, and other smaller companies with similar ideas: MicroStrategy and Datawatch. While the BI industry is burgeoning, it is important for QLIK to gobble up as much market share as it can as fast as it can to establish a dominant position in mobile and in-memory processing BI. Therefore, management is doing exactly what it should be doing: aggressively upping sales spending and hiring hundreds of new sales employees. As a result, profit margins have fallen, the P/E has shot through the roof, the company has increased its 2011 revenue forecasts three times, revenue for the most recent quarter jumped 45% from last year (before they were spending so much on sales), and the size of the customer base has increased 40%.

Second, I have heard it that the company likes to report their big earnings in Q4 and keep the other three quarters more or less break even. Either way, earnings last quarter went above and beyond analyst forecasts; revenue growth in particular was outstanding, up 45% from last year.

Third, Qlik has created a loyal customer base by continuous devotion to providing its customers the best possible service at the best possible value with Qlik View. Mitsubishi's Electric Cooling and Heating Systems said that its investment in Qlik View paid for itself in two months, and Qlik Tech claims an average ROI of 186% for the product. At 21,000 customers and growing, QLIK's heavy sales spending is paying off huge. In addition, each new and old customer Qlik has is one less for its competitors; with each customer the company is building a growing moat around its services.

Also important is the fact that the company has no debt, as of the start of Q2 2011 Qlik had paid off the last of its debt. Therefore, low earnings are not cause to worry that Qlik won't be able to pay off its creditors and go bankrupt.

In conclusion, Qlik Technologies has a great product that revolutionizes an old but still growing industry, and its growth potential justifies a deceptively high P/E caused by all the right management activities and a cyclical earnings schedule. Once the BI market has been saturated and Qlik Tech has grown all it can grow, then the company can lower it sales spending, up its profit margin, and trade at a much lower P/E ratio. However, the current high valuation doesn't show Qlik View isn't bringing in enough money, the company is in trouble, or its a bad product that customers hate. In fact, the exact opposite is true in each of those cases. Given the above, I would rate QLIK a strong buy, especially at recent prices with the market so topsy turvy.

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Member Avatar clareandkabir (< 20) Submitted: 7/15/2011 3:35:37 PM : Outperform Start Price: $30.01 QLIK Score: -63.76

Strong product, lots of customers. low cross sell leading to huge upside potential.

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Member Avatar gotham83 (< 20) Submitted: 6/21/2011 11:12:48 AM : Outperform Start Price: $32.31 QLIK Score: -72.00

'Tis a good stock to own!

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Member Avatar EclecticRecluse (79.57) Submitted: 5/25/2011 10:01:35 AM : Underperform Start Price: $31.91 QLIK Score: +68.22

Technical Pullback Likely

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Member Avatar OliFire (< 20) Submitted: 5/20/2011 12:51:55 PM : Outperform Start Price: $31.79 QLIK Score: -65.43

QLIK outperforms because of its niche. Management is isn't closing any doors or burning any bridges. They are inserting themselves where other don't dare including medicine. End user ease of use, jumping on the "cloud," and rock solid integration into existing infrastructure are what every company needs when they look ahead and decide what is required to gain or maintain an edge.

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Member Avatar 2spookje (< 20) Submitted: 5/3/2011 7:29:22 PM : Outperform Start Price: $29.76 QLIK Score: -58.74

Like it a lot!

And with time, this company will grow and make us smile

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Member Avatar sbe3535 (< 20) Submitted: 4/7/2011 3:19:45 PM : Outperform Start Price: $26.91 QLIK Score: -52.72

if this stock is so clever, why are the insiders selling so much?

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