Tableau Software: Product, pricing, competitive and model transition issues lowers visibility; Reit SELL
​Tableau’s many challenges keeps us on the sidelines; Reiterate SELL and $42PT. While the stock outperformed S&P and Nasdaq YTD, Tableau continues to face many challenges as it tries to compete with large vendors. First, it needs to make its products enterprise ready for mission critical applications; Second, Tableau’s products are still more expensive than other products in the market; Third, competition continues to intensify from PowerBI, Amazon Quicksight and Salesforce Wave. Fourth, Tableau is considered a proprietary solution, while Microsoft PowerBI is considered a “industry standardâ€, given that Excel and Office is widely deployed in the enterprise; Fifth, Tableau is now navigating the challenge of making its solutions “cloud readyâ€; Tableau’s online is still NOT fully compatible with on-premises version of the product. Sixth, near-term SaaS model transition creates uncertainty in financials, making the business less visible. Therefore we continue to Reiterate our SELL rating and $42PT.
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.
Summit Insights Group LLC (SIG), founded by Srini Nandury in 2018, is a fundamentals-driven, technology-focused, equity research boutique. SIG analysts cover Semiconductors, Semicap Equipment, Enterprise & Application Software, and IT Hardware & Storage companies. The firm also provides insight into adjacent areas such as Mobile and Internet Technologies.
SIG provides deep, rigorous technology and financial analysis, unlike Wall Street analysis that is mainly driven by financial models. SIG principal analysts are known for their extensive industry experience, which we believe is essential to evaluate technology industry stocks. Each principal analyst has at least 5 years of hands-on industry experience prior to their tenure in equity analysis. SIG analysts are known for making non-consensus prescient stock calls.
SIG analysts follow more than 100 stocks regularly in the areas of Enterprise and Application Software, Storage, Networking, Security, Flash Memory, Big Data, Storage Networking, SSD and Processors. SIG analysts have access to the managements of both public and private companies to verify factual items from public comments or published statements, buttressing the integrity of our analysis. SIG analysts regularly attend industry conferences and visit startup companies to understand technology trends driving the industry. SIG is not a broker dealer, hence it does not have investment banking or trading conflicts. At SIG, we value integrity, our client interests and confidentiality above all else.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.