SHARE

Tableau Software Inc (NYSE:DATA) has recently announced the release of Tableau 9.1, which provides its customers with capabilities to conduct data analysis, while using any type of smart device. The new software simplifies the way data analysis is conducted over smart mobile devices. Apart from improving the user experience, Tableau 9.1 also comes with data sharing capabilities and also improves significantly on its predecessor’s security system.

The CEO of Tableau Software, Chris Stolte, stated that the new program is another step forward in the company’s vision to allow people to see and understand data, regardless of where it is stored or what device the user is making use of. He pointed out that the new program is focused on data sharing via internet, which also includes connecting to a number of leading technologies, like SAP and Google Cloud SQL.

The launch of the new product has attracted the attention of analysts and some have even started to upgrade the company stock. Currently, DATA has an average “buy” rating, with the target price set at $120.73. Furthermore, a recent insider transaction from DATA has also come to light. The company CFO, Thomas E. Walker, sold 20,000 of his total shares in Tableau Software. The shares were sold at an average price of $93.08 each, on September 1, 2015. Furthermore, the company VP, Kelly Wright also sold a total of 6,664 shares, in a transaction conducted on August 19, 2015. These shares were sold at an average price of $105.96 each.

The recent filing of its 2Q2015 report by the company revealed EPS of $0.07, while the analyst consensus was of $0.04. This reflects on the improvement of business by Tableau Software, since the EPS stood at $0.05 during the preceding year. A total of 65.3% increase in revenue was observed, on year-over-year basis by DATA.

Tableau Software Inc (NYSE:DATA) closed at a share price of $84.80, after trading a total of 7.52 million shares during the September 17 session and recording a decline of 7.34%.

SHARE
Previous articleJetBlue Airways Corporation (NASDAQ:JBLU) Reports Traffic Details for the Month of August and Acquires New Sponsorship Deal
Next articleUnited States Steel Corporation (NYSE:X) Launches New Product for the Oil & Gas Industry in a Bid To Fight Declining Demand for US Steel Products
Steve Kanaval: Portfolio Manager/Writer/ Market Analyst Steve began his career in the Trading Pits in Chicago making markets at the Chicago Mercantile Exchange (NYSE:CME) the Chicago Board of Trade and the CBOE in the early 80’s. He ran the Morgan Stanley Derivative Prop Trading for the firm specializing in Index Arbitrage. He continued his career as a Trader/Portfolio Manager for multiple Hedge Funds during the Internet Boom of the 90’s managing large portfolios. Steve is known as an expert in MicroCap Technology Stocks and the emerging Digital Currency markets as a Portfolio Manager for his Family Office. Steve has managed portfolio’s in volatile asset classes for 3 decades as a commodity trader, hedge fund manager and digital currency trader and miner. Steve publishes his views on the asset classes in a public forum and has published more than 10,000 articles simplifying these complex and volatile assets for readers. His work is published on multiple sites including Bloomberg, Equities.com, Hacked.com, CryptoCurrencyNews as a paid contributor. His work includes research, journalism and archived video on important market volatility related to stocks, digital currency and other volatile misunderstood asset classes. He offers a humorous, unique insight and the related back stories and drivers for readers interested in volatility and emerging market assets. Full disclosure Steve is long 25 digital currencies and sits on the board of multiple public companies involved in digital currencies, and owns shares in these companies from time to time.

LEAVE A REPLY