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Shares of Qlik Technologies (NASDAQ: QLIK ) are on the move. The company, which made a name for itself delivering business intelligence and analytics to anyone, anywhere via mobile devices, popped 13% after reporting strong revenue gains and upbeat guidance.
Importantly, the BI sector as a whole isn't seeing gains. MicroStrategy (NASDAQ: MSTR ) fell as much as Qlik gained on a 6% decline in revenues in the most recent quarter. Qlik, by contrast, reported a 22% rise in revenue and told analysts to expect another 20% or better bump in the quarter.
Qlik is also diversifying. The company purchased Sweden's NComVA AB for an undisclosed sum in order to improve how its core product, QlikView, helps customers visualize data. Still, with CAPS investors giving the stock only three out of a possible five stars, there's wide debate over whether this volatile BI provider really is among the best stocks to invest in now.
Do you agree? Please watch the video to get Tim's full take, and then let us know whether you think Qlik Technologies is one of the best stocks to invest in now using the comments box below.
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