BlackLine: Stay Away, Profit Expansion Expected To Be Meager This Year [Seeking Alpha]
BlackLine, Inc. (BL)
NASDAQ:AMEX Investor Relations:
investors.blackline.com
Company Research
Source: Seeking Alpha
BlackLine's revenue growth is decelerating, and its margin guidance for FY24 is significantly lower than the gains seen in FY23. It's still facing a difficult macro environment that has many smaller customers churning. Trading at a 28x P/E ratio despite little growth, BlackLine is overvalued. This is something I can't emphasize enough: 2024 is a stock picker's market. Though the market overall has vacillated between big one-day gains and losses over the past few weeks, careful portfolio consideration is still the key to beating the markets - and in particular, we need to be careful with positions that have seen souring fundamental stories and are better converted to simple cash (which, after all, is still earning hefty interest with the Fed's slower pace of rate increases). Selling underperforming names, then, is a must, and BlackLine ( NASDAQ: BL ) is one of these names. The finance software company, which specializes in the period-end close process, has seen ~flattish perfo
Show less
Read more
Impact Snapshot
Event Time:
BL
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
BL alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
BL alerts
High impacting BlackLine, Inc. news events
Weekly update
A roundup of the hottest topics
BL
News
- Blackline Safety Expands in Utility Sector with New $1.5 Million Deal [Yahoo! Finance]Yahoo! Finance
- Private Equity Firm, Initium Management, Launched by Tested Team of Trusted Operators [Yahoo! Finance]Yahoo! Finance
- BlackLine, Inc. (NASDAQ: BL) was upgraded by analysts at William Blair to a "hold" rating.MarketBeat
- BlackLine Named a Leader in Two Categories in New Finance and Accounting Platforms Report [Yahoo! Finance]Yahoo! Finance
- BlackLine Named a Leader in Two Categories in New Finance and Accounting Platforms ReportPR Newswire
BL
Earnings
- 5/7/24 - Beat
BL
Sec Filings
- 5/10/24 - Form 4
- 5/10/24 - Form 4
- 5/10/24 - Form 4
- BL's page on the SEC website