Blackline Inc is a leading provider of cloud-based financial automation solutions designed to streamline and enhance the financial close process for organizations
The company offers a suite of tools that help businesses automate their accounting and finance operations, manage compliance, and improve visibility into their financial data. By leveraging advanced technology, Blackline's software aims to reduce manual tasks, minimize errors, and facilitate better decision-making for finance teams, ultimately driving efficiency and accuracy in financial reporting and operations.
Many small-cap stocks have limited Wall Street coverage, giving savvy investors the chance to act before everyone else catches on.
But the flip side is that these businesses have increased downside risk because they lack the scale and staying power of their larger competitors.
Accounting automation software maker Blackline (NASDAQBL) reported Q4 CY2024 results exceeding the market’s revenue expectations, with sales up 8.8% year on year to $169.5 million. On the other hand, next quarter’s revenue guidance of $167 million was less impressive, coming in 2.1% below analysts’ estimates. Its non-GAAP profit of $0.47 per share was 6.4% below analysts’ consensus estimates.
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BlackLine has had an impressive run over the past six months as its shares have beaten the S&P 500 by 18.9%. The stock now trades at $61.53, marking a 28.6% gain. This performance may have investors wondering how to approach the situation.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q2. Today, we are looking at finance and HR software stocks, starting with Zuora (NYSEZUO).
Let’s dig into the relative performance of BlackLine (NASDAQBL) and its peers as we unravel the now-completed Q3 finance and HR software earnings season.
