Financial PerformanceBlackLine's solid fourth quarter results, with subscription growth, revenue, and profits beating expectations, signal strong financial health.
Product DevelopmentThe launch of Accounting Studio with high early adopter satisfaction could drive significant growth for BlackLine.
Strategic PartnershipsBlackLine's successful partnerships and improved mid-market sales team execution point to continued business expansion and market penetration.
Bears Say
Competitive ChallengesA competitor's partnership with SAP has been perceived as a threat to BlackLine's position in the midmarket.
Financial PerformanceThe stock decreased by 5% in the aftermarket and has been down 7% year-to-date, underperforming the Russell 3000.
Operational EfficiencyIncremental cost optimization opportunities become more challenging to come by.
What was Blackline Inc’s price range in the past 12 months?
Blackline Inc lowest stock price was €44.20 and its highest was €63.00 in the past 12 months.
What is Blackline Inc’s market cap?
Currently, no data Available
When is Blackline Inc’s upcoming earnings report date?
Blackline Inc’s upcoming earnings report date is May 07, 2024 which is in 9 days.
How were Blackline Inc’s earnings last quarter?
Blackline Inc released its earnings results on Feb 13, 2024. The company reported €0.644 earnings per share for the quarter, beating the consensus estimate of €0.513 by €0.132.
How many shares outstanding does Blackline Inc have?
Currently, no data Available
What happened to Blackline Inc’s price movement after its last earnings report?
Blackline Inc reported an EPS of €0.644 in its last earnings report, beating expectations of €0.513. Following the earnings report the stock price went down -12.222%.
Which hedge fund is a major shareholder of Blackline Inc?
Among the largest hedge funds holding Blackline Inc’s share is Barton Investment Management. It holds Blackline Inc’s shares valued at 37M.
BlackLine, Inc. operates a cloud-based software platform which is designed to transform accounting and finance operations for organizations of all types and sizes. Its scalable platform supports critical accounting processes such as the financial close, account reconciliations, intercompany accounting, and controls assurance. The company was founded by Therese Tucker in May 2001 and is headquartered in Woodland Hills, CA.
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