Why Qlik's Shares Slipped

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Qlik Technologies (NAS: QLIK) were down by over 14% today, after underperforming in both revenue and earnings estimates for the third quarter, but the stock has since rebounded slightly to an 8% loss as of this writing.

So what: Analysts had expected $88.4 million in revenue, and $0.04 in earnings per share. Qlik's results were $86.1 million in revenue, and $0.02 in EPS. Fourth-quarter guidance also disappointed the Street, as did full-year earnings projections. Qlik expects $0.22 to $0.24 in EPS for the fourth quarter, and only a penny more in full-year EPS, while analysts were looking for $0.29 for the fourth quarter, and $0.32 for the full year.

Now what: This disappointing guidance anticipates minimal growth in Qlik's near future. The company sports a forward P/E of 40.7, priced to perfection for a stalling company. Investors have been fleeing the stock over the past year, and there seems to be nothing in this report indicating that they were wrong to do so.

Want more news and updates? Add Qlik to your Watchlist now.

The article Why Qlik's Shares Slipped originally appeared on Fool.com.

Fool contributor Alex Planes holds no financial position in any company mentioned here. Add him on Google+ or follow him on Twitter @TMFBiggles for more news and insights.Motley Fool newsletter services have recommended buying shares of Qlik Technologies. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.

Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.