Qlik Technologies (QLIK) PT, Estimates Cut at Jefferies

Jefferies analyst John DiFucci lowered estimates and his price target on Buy-rated Qlik Technologies (NASDAQ: QLIK) to $38.00 (from $46.00) following solid Q4 results but guidance which shows moderation.

DiFucci commented, "Solid 4Q license growth accelerated to 21% cc on continued momentum in the Americas and EMEA, partially offset by further deceleration in APAC. However, EPS was weaker than expected due to elevated partner referral fees and sales commissions. Guidance was also below expectations partially due to FX, but also due to expected continued weakness in APAC and what appears to be prudent conservatism."

The firm lowers FY 2016 EPS from $0.51 to $0.42.

For an analyst ratings summary and ratings history on Qlik Technologies click here. For more ratings news on Qlik Technologies click here.

Shares of Qlik Technologies closed at $19.42 yesterday.

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