Report
Rodney Nelson
EUR 101.80 For Business Accounts Only

Tableau’s In Line 2Q Doesn’t Move the Needle on our $49 FVE; Shares Overvalued

Tableau reported second-quarter results that fell roughly in line with our expectations as the firm continues to navigate its transition to subscription-based revenue. While the company’s ratable bookings mix continues to trend higher, we continue to question whether the firm can ever return to management’s goal of 20% top-line growth following the transition. We continue to believe that Tableau will struggle to differentiate its product enough to generate material pricing power longer term, and...
Underlying
Tableau Software Inc. Class A

Tableau Software provides software products that enable a population of business users to engage with data, ask questions, and solve problems. The company provides four main products: Tableau Desktop, a self-service analytics product for anyone with data; Tableau Server, a business intelligence platform for organizations; Tableau Online, a hosted software-as-a-service version of Tableau Server; and Tableau Public, a cloud-based platform for analyzing and sharing public data. The company's technology, Visual Query Language (VizQL) for Databases is a visual query language for data that simultaneously describes how to query data and how to deliver it visually.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Rodney Nelson

Other Reports on these Companies
Other Reports from Morningstar

ResearchPool Subscriptions

Get the most out of your insights

Get in touch