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.
Fool contributor Tim Beyers is a member of the Motley Fool Rule Breakers stock-picking team and the Motley Fool Supernova Odyssey I mission. He owned shares of Qlik Technologies at the time of publication. Erin Miller had no position in any stocks mentioned. Check out Tim's web home and portfolio holdings or connect with him on Google+, Tumblr, or Twitter, where he goes by @milehighfool. You can also get his insights delivered directly to your RSS reader.
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