Is there a more frustrating stock to own than Qlik Technologies (NASDAQ:QLIK)? Not to Fool contributor Tim Beyers, who says management is demanding a leap of faith from investors.
Qlik Technologies shares slid 19% after the company reported worse-than-expected revenue and lower guidance. CEO Lars Bjork attributed Qlik's changing outlook to steps taken to bring "discipline" to the sales pipeline and investments in the company's "integrated offerings." Whatever that means.
The reality, Tim says in the video below, is that Qlik isn't ready with QlikView.Next, its next-generation platform that promises big advancements in data analysis. In the meantime, industry up-and-comer Tableau Software (NYSE:DATA) reported a breathtaking 90% jump in revenue in the most recent quarter. The stock is up more than 26% year to date, easily outperforming the S&P 500 benchmark.
Should Qlik Technologies investors sell their stock or wait for QlikView.Next to reserve judgment? Tim answers this question and more in the video. Please watch now and then leave a comment to let us know what you think.